Sony Group Co. (NYSE:SONY) Shares Bought by Blue Barn Wealth LLC

Blue Barn Wealth LLC increased its stake in Sony Group Co. (NYSE:SONY) by 403.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,086 shares of the company’s stock after purchasing an additional 15,294 shares during the quarter. Blue Barn Wealth LLC’s holdings in Sony Group were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after acquiring an additional 36,783,737 shares during the period. Raymond James Financial Inc. bought a new stake in Sony Group during the fourth quarter worth approximately $36,964,000. Cardinal Capital Management Inc. lifted 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 period. Cambiar Investors LLC boosted its stake in Sony Group by 548.9% during the 4th 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 in the last quarter. Finally, Pictet North America Advisors SA increased its position in shares of Sony Group by 333.4% during the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after purchasing an additional 813,429 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.6 %

Shares of NYSE SONY opened at $24.33 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.66 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 $25.64. The company has a market cap of $147.11 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 9.95 and a beta of 0.91. The business has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $17.14.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

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

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.