Sony Group Co. (NYSE:SONY) Holdings Boosted by Clark Estates Inc. NY

Clark Estates Inc. NY lifted its holdings in Sony Group Co. (NYSE:SONY) by 833.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 700,000 shares of the company’s stock after acquiring an additional 625,000 shares during the period. Sony Group accounts for about 2.9% of Clark Estates Inc. NY’s portfolio, making the stock its 8th biggest holding. Clark Estates Inc. NY’s holdings in Sony Group were worth $14,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the fourth quarter valued at approximately $26,000. 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 valued at $26,000 after buying an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its holdings in shares of Sony Group by 400.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $28.00.

Sony Group Trading Down 1.8 %

Shares of SONY opened at $24.16 on Wednesday. The company’s fifty day simple moving average is $22.26 and its 200-day simple moving average is $17.09. The company has a market cap of $146.09 billion, a P/E ratio of 19.61, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64.

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 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 analyst estimates of $24.32 billion. As a group, analysts expect that Sony Group Co. will post 1.23 EPS for the current 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.