Sony Group Co. (NYSE:SONY) Shares Acquired by West Family Investments Inc.

West Family Investments Inc. increased its stake in Sony Group Co. (NYSE:SONY) by 392.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,725 shares of the company’s stock after purchasing an additional 21,303 shares during the quarter. West Family Investments Inc.’s holdings in Sony Group were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SONY. Silicon Valley Capital Partners lifted its holdings in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. General Partner Inc. lifted its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group in the 4th quarter valued at about $26,000. Hilltop National Bank lifted its holdings in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SONY. StockNews.com downgraded 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 for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Price Performance

Shares of SONY opened at $24.45 on Friday. The company has a market capitalization of $147.84 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business’s 50-day moving average is $22.39 and its 200-day moving average is $17.19.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS 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 firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group 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.