Sony Group Target of Unusually High Options Trading (NYSE:SONY)

Sony Group Co. (NYSE:SONY) saw unusually large options trading on Wednesday. Traders acquired 5,050 call options on the stock. This represents an increase of approximately 50% compared to the average daily volume of 3,377 call options.

Institutional Investors Weigh In On Sony Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 worth $25,000 after acquiring an additional 927 shares during the last quarter. Capital Analysts LLC grew its holdings in Sony Group by 400.0% in the 4th 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. Newbridge Financial Services Group Inc. bought a new stake in Sony Group in the 4th quarter worth $26,000. Fairscale Capital LLC grew its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares during the last quarter. Finally, General Partner Inc. grew its holdings in 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 acquiring an additional 996 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SONY has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of SONY opened at $23.65 on Thursday. The company has a market cap of $143.00 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group has a 12-month low of $15.02 and a 12-month high of $25.64. The stock has a 50-day moving average price of $22.56 and a 200-day moving average price of $17.84.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities analysts forecast that Sony Group will post 1.23 earnings per share for the current fiscal year.

About Sony Group

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.