Sony Group Co. (NYSE:SONY) Shares Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. grew its stake in Sony Group Co. (NYSE:SONY) by 401.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,404 shares of the company’s stock after purchasing an additional 13,132 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Sony Group were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SONY. Fisher Asset Management LLC increased its stake in shares of Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 1,287,259 shares in the last quarter. Cambiar Investors LLC increased its stake in Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after purchasing an additional 896,013 shares during the last quarter. Pictet North America Advisors SA boosted its holdings in shares of Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after acquiring an additional 813,429 shares during the period. Finally, Alberta Investment Management Corp grew its holdings in Sony Group by 255.7% in the 4th quarter. Alberta Investment Management Corp now owns 1,000,000 shares of the company’s stock worth $21,160,000 after buying an additional 718,840 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on SONY shares. Oppenheimer reissued an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Up 1.1 %

SONY stock opened at $25.08 on Wednesday. The company has a market cap of $151.65 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.29. The stock’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $16.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share 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 business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. On average, research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.