Paradigm Asset Management Co. LLC Raises Stock Holdings in Sony Group Co. (NYSE:SONY)

Paradigm Asset Management Co. LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,500 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Sony Group were worth $32,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SONY. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% in the fourth 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 in the last quarter. General Partner Inc. boosted 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. bought a new stake in Sony Group in the fourth quarter valued at $26,000. Hilltop National Bank boosted its holdings in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Performance

Shares of Sony Group stock opened at $24.81 on Friday. The stock has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 9.95 and a beta of 0.96. The firm’s 50-day moving average is $21.74 and its 200 day moving average is $15.95. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.29. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts anticipate that Sony Group Co. will post 1.23 EPS 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.