OLD Mission Capital LLC Increases Position in Sony Group Co. (NYSE:SONY)

OLD Mission Capital LLC grew its position in Sony Group Co. (NYSE:SONY) by 2,194.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,657 shares of the company’s stock after purchasing an additional 327,724 shares during the quarter. OLD Mission Capital LLC’s holdings in Sony Group were worth $7,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighPoint Advisor Group LLC lifted its holdings in Sony Group by 10.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 13,283 shares of the company’s stock worth $297,000 after buying an additional 1,274 shares during the last quarter. Franklin Resources Inc. lifted its stake in Sony Group by 308.4% during the fourth quarter. Franklin Resources Inc. now owns 127,264 shares of the company’s stock worth $2,693,000 after purchasing an additional 96,102 shares during the last quarter. Seven Mile Advisory acquired a new position in Sony Group in the fourth quarter valued at approximately $227,000. Alliancebernstein L.P. purchased a new position in Sony Group in the fourth quarter valued at approximately $200,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Sony Group by 447.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 487,254 shares of the company’s stock worth $10,310,000 after purchasing an additional 398,177 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

SONY has been the subject of several research analyst reports. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They set a “buy” rating on the stock. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $25.44 on Tuesday. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The stock has a market capitalization of $153.82 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 9.95 and a beta of 0.91. The company has a 50-day simple moving average of $23.68 and a 200-day simple moving average of $19.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. On average, analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

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.