Sony Group Co. (NYSE:SONY) Shares Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lifted its position in Sony Group Co. (NYSE:SONY) by 333.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,976 shares of the company’s stock after acquiring an additional 8,446 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Sony Group were worth $232,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA grew its position in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC lifted its holdings 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 purchasing an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Sony Group by 384.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock worth $65,323,000 after purchasing an additional 2,452,504 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Sony Group by 525.1% in the 4th quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock worth $46,698,000 after purchasing an additional 1,853,871 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 0.2 %

Shares of Sony Group stock opened at $24.56 on Wednesday. The business’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $18.51. 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 company has a market capitalization of $148.55 billion, a P/E ratio of 19.94, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64.

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

Analyst Ratings Changes

Several brokerages recently issued reports on SONY. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.