Handelsbanken Fonder AB Purchases 1,000 Shares of Sony Group Co. (NYSE:SONY)

Handelsbanken Fonder AB increased its position in shares of Sony Group Co. (NYSE:SONY) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,200 shares of the company’s stock after buying an additional 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in Sony Group were worth $2,007,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Gallacher Capital Management LLC boosted its holdings in shares of Sony Group by 3.9% during the 3rd quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after buying an additional 121 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of Sony Group by 6.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after buying an additional 127 shares during the period. Brighton Jones LLC raised its stake in Sony Group by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock valued at $273,000 after purchasing an additional 129 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Sony Group by 2.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock valued at $479,000 after purchasing an additional 132 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in Sony Group by 3.4% during the 3rd quarter. Lido Advisors LLC now owns 4,586 shares of the company’s stock valued at $378,000 after purchasing an additional 149 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 0.1 %

Shares of SONY stock opened at $82.33 on Friday. Sony Group Co. has a 52-week low of $79.62 and a 52-week high of $100.94. The stock has a market cap of $101.61 billion, a price-to-earnings ratio of 15.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a fifty day moving average of $85.70 and a 200-day moving average of $88.85.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. On average, equities research analysts forecast that Sony Group Co. will post 5.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on SONY. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, Oppenheimer restated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.