Sony Group Co. (NYSE:SONY) Stock Holdings Lifted by Norden Group LLC

Norden Group LLC lifted its position in Sony Group Co. (NYSE:SONY) by 530.6% in the 4th quarter, Holdings Channel reports. The fund owned 37,370 shares of the company’s stock after buying an additional 31,444 shares during the period. Norden Group LLC’s holdings in Sony Group were worth $791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Trust Co raised its stake in Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares in the last quarter. West Family Investments Inc. raised its position in Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock valued at $524,000 after buying an additional 623 shares during the period. Brown Brothers Harriman & Co. lifted 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 in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Up 0.1 %

Shares of Sony Group stock opened at $25.05 on Monday. The firm has a market cap of $151.49 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.96. The stock has a 50-day simple moving average of $22.13 and a 200-day simple moving average of $16.80. 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 current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. On average, equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

About Sony Group

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.