Accent Capital Management LLC Has $29,000 Stake in Sony Group Co. (NYSE:SONY)

Accent Capital Management LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,380 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Accent Capital Management LLC’s holdings in Sony Group were worth $29,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Primecap Management Co. CA grew its stake in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after buying an additional 80,724,932 shares during the period. Fisher Asset Management LLC grew its position in shares of Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD boosted its position in Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the period. Sei Investments Co. grew its position in shares of Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after purchasing an additional 2,544,193 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Sony Group by 384.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock valued at $65,323,000 after purchasing an additional 2,452,504 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Sony Group Price Performance

NYSE:SONY opened at $25.11 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The business’s 50-day simple moving average is $23.58 and its two-hundred day simple moving average is $19.50. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $151.83 billion, a PE ratio of 20.38, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal 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.