Sony Group Co. (NYSE:SONY) Stock Position Increased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lifted its position in Sony Group Co. (NYSE:SONY) by 333.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,976 shares of the company’s stock after buying an additional 8,446 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Sony Group were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA raised 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 worth $2,158,232,000 after buying an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after buying an additional 7,925,643 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Sony Group by 384.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock worth $65,323,000 after acquiring an additional 2,452,504 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Sony Group by 525.1% in the 4th quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock worth $46,698,000 after acquiring an additional 1,853,871 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $24.56 on Wednesday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $148.55 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 9.95 and a beta of 0.91. The stock’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $18.51.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. On average, sell-side 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 analysts recently issued reports on the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.