Sony Group (NYSE:SONY) Lowered to Hold Rating by StockNews.com

Sony Group (NYSE:SONY) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other analysts have also issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up 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 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and an average target price of $28.00.

Sony Group Price Performance

NYSE SONY traded up $0.28 on Tuesday, hitting $25.08. The company had a trading volume of 5,783,016 shares, compared to its average volume of 3,967,213. 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’s fifty day moving average price is $21.88 and its 200-day moving average price is $16.34. The company has a market capitalization of $151.65 billion, a PE ratio of 20.35, a PEG ratio of 9.95 and a beta of 0.96. Sony Group has a 12-month low of $15.02 and a 12-month high of $25.29.

Sony Group (NYSE:SONY) last released 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 business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, analysts predict that Sony Group will post 1.23 earnings per share for the current year.

Institutional Investors Weigh In On Sony Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Silicon Valley Capital Partners grew its holdings 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 buying an additional 927 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the fourth quarter valued at about $26,000. Fairscale Capital LLC increased its position in Sony Group by 400.0% during the fourth 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 last quarter. Finally, General Partner Inc. raised its stake in Sony Group by 400.0% during the fourth 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. Institutional investors and hedge funds 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.