Sony Group Co. (NYSE:SONY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Sony Group Co. (NYSE:SONY) by 402.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 93,240 shares of the company’s stock after buying an additional 74,699 shares during the quarter. Rhumbline Advisers’ holdings in Sony Group were worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised its position in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares during the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the fourth quarter worth approximately $26,000. Hilltop National Bank boosted its holdings in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.59 on Tuesday. 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 Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The business’s fifty day moving average price is $22.20 and its two-hundred day moving average price is $16.94. The firm has a market capitalization of $148.71 billion, a PE ratio of 19.96, a P/E/G ratio of 9.95 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $28.00.

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.