Sony Group (NYSE:SONY) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Sony Group (NYSE:SONY) from a buy rating to a hold rating in a report published on Tuesday.

Several other brokerages also recently issued reports on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Performance

NYSE SONY opened at $25.04 on Tuesday. 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 has a 12-month low of $15.02 and a 12-month high of $25.64. The stock has a market capitalization of $151.40 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 9.95 and a beta of 0.96. The business’s 50 day moving average is $22.05 and its two-hundred day moving average is $16.46.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 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 the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Research analysts expect that Sony Group will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Silicon Valley Capital Partners lifted its stake in Sony Group by 401.3% in the 4th 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. Capital Analysts LLC increased its position in Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after buying an additional 936 shares during the last quarter. General Partner Inc. raised its stake 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 acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the 4th quarter worth about $26,000. Finally, Fairscale Capital LLC grew its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after buying an additional 992 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

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.