Traders Buy High Volume of Call Options on Sony Group (NYSE:SONY)

Sony Group Co. (NYSE:SONY) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 5,050 call options on the stock. This is an increase of approximately 50% compared to the typical volume of 3,377 call options.

Institutional Trading of Sony Group

Institutional investors have recently made changes to their positions in the stock. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% in the fourth 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 during the last quarter. Capital Analysts LLC increased its stake 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 acquiring an additional 936 shares during the last quarter. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the 4th quarter valued at about $26,000. Finally, Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Down 1.2 %

SONY opened at $23.40 on Friday. Sony Group has a 12 month low of $15.02 and a 12 month high of $25.64. The business has a 50-day moving average of $22.61 and a two-hundred day moving average of $17.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $141.50 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) 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 will post 1.23 earnings per share for the current 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.