Aljian Capital Management LLC Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

Aljian Capital Management LLC increased its stake in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, HoldingsChannel reports. The firm owned 15,630 shares of the company’s stock after buying an additional 12,504 shares during the period. Aljian Capital Management LLC’s holdings in Sony Group were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Cardinal Capital Management Inc. boosted its position in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Sony Group in the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC boosted its holdings in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the last quarter. Cambiar Investors LLC boosted its holdings in shares of Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after buying an additional 896,013 shares during the last quarter. Finally, XY Capital Ltd increased its holdings in Sony Group by 1,850.5% during the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock valued at $19,478,000 after buying an additional 873,339 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

SONY has been the topic of several analyst reports. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer lowered their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE:SONY opened at $21.97 on Thursday. The stock has a 50-day moving average price of $21.35 and a 200 day moving average price of $14.92. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $23.05. The stock has a market capitalization of $132.87 billion, a P/E ratio of 17.98, a P/E/G ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. Equities research analysts forecast that Sony Group Co. will post 1.21 EPS for the current fiscal year.

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.