Sony Group (NYSE:SONY) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Sony Group (NYSE:SONY) from a buy rating to a hold rating in a report released on Tuesday.

SONY has been the topic of a number of other reports. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sony Group has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Trading Down 1.7 %

Shares of SONY stock opened at $25.04 on Tuesday. The business’s fifty day moving average is $22.05 and its 200 day moving average is $16.46. The company has a market capitalization of $151.40 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group 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.

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 the consensus estimate 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 analysts’ expectations of $24.32 billion. On average, equities research analysts anticipate that Sony Group will post 1.23 EPS for the current fiscal year.

Institutional Trading of Sony Group

Hedge funds have recently made changes to their positions in the company. Silicon Valley Capital Partners grew its stake 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. Capital Analysts LLC grew its holdings in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares in the last quarter. General Partner Inc. raised its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the 4th quarter valued at approximately $26,000. Finally, Fairscale Capital LLC increased its position in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after buying an additional 992 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

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.