Oppenheimer & Co. Inc. Buys 192,940 Shares of Sony Group Co. (NYSE:SONY)

Oppenheimer & Co. Inc. increased its stake in shares of Sony Group Co. (NYSE:SONY) by 411.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,888 shares of the company’s stock after acquiring an additional 192,940 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sony Group were worth $5,076,000 at the end of the most recent reporting period.

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

Sony Group Stock Up 0.1 %

Shares of NYSE:SONY opened at $25.05 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company’s fifty day moving average is $22.13 and its 200-day moving average is $16.61. The company has a market capitalization of $151.49 billion, a PE ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.00.

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.