Sony Group (NYSE:SONY) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Sony Group (NYSE:SONY) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a buy rating on the stock.

Several other brokerages have also issued reports on SONY. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Stock Up 0.7 %

NYSE SONY opened at $25.68 on Tuesday. The business has a fifty day moving average price of $23.49 and a two-hundred day moving average price of $19.35. The stock has a market capitalization of $155.27 billion, a PE ratio of 20.84, a PEG ratio of 9.95 and a beta of 0.91. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Equities analysts expect that Sony Group will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sony Group

Institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA lifted its holdings in shares of Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC lifted its holdings in Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock worth $1,116,653,000 after buying an additional 42,083,842 shares during the period. Fisher Asset Management LLC grew its position in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after buying an additional 36,783,737 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock valued at $503,713,000 after buying an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI increased its stake in shares of Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock valued at $218,382,000 after buying an additional 8,157,776 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.