Sony Group Co. (NYSE:SONY) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 362.7% during the fourth quarter, Holdings Channel reports. The fund owned 3,245,587 shares of the company’s stock after acquiring an additional 2,544,193 shares during the period. Sei Investments Co.’s holdings in Sony Group were worth $68,677,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Commerce Bank acquired a new stake in Sony Group in the third quarter valued at $231,000. Charles Schwab Investment Management Inc. raised its position in shares of Sony Group by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company’s stock worth $7,649,000 after acquiring an additional 16,073 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Sony Group by 456.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 27,604 shares of the company’s stock worth $2,666,000 after acquiring an additional 22,642 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Sony Group by 9.5% in the third quarter. Raymond James Trust N.A. now owns 13,811 shares of the company’s stock valued at $1,334,000 after purchasing an additional 1,199 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Sony Group by 35.4% in the third quarter. Cerity Partners LLC now owns 149,946 shares of the company’s stock valued at $14,480,000 after purchasing an additional 39,208 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Price Performance

Sony Group stock opened at $25.25 on Monday. The business has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $18.95. Sony Group Co. has a 12 month low of $15.02 and a 12 month 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. The stock has a market capitalization of $152.72 billion, a PE ratio of 20.50, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Equities analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SONY. Oppenheimer reissued an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. 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 company’s stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group 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.