FCA Corp TX Grows Position in Sony Group Co. (NYSE:SONY)

FCA Corp TX increased its holdings in Sony Group Co. (NYSE:SONY) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the company’s stock after acquiring an additional 900 shares during the quarter. FCA Corp TX’s holdings in Sony Group were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Primecap Management Co. CA raised its holdings in Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Sony Group by 425.9% in the fourth 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 in the last quarter. Mondrian Investment Partners LTD raised its holdings in Sony Group by 358.2% in the fourth 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 in the last quarter. Sei Investments Co. raised its holdings in Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after purchasing an additional 2,544,193 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock valued at $65,323,000 after acquiring an additional 2,452,504 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.5 %

Sony Group stock opened at $25.25 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $152.72 billion, a PE ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91. The stock’s 50 day simple moving average is $23.08 and its two-hundred day simple moving average is $18.85. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64.

Sony Group (NYSE:SONY) last posted 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 during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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