Guggenheim Capital LLC Grows Stock Position in Sony Group Co. (NYSE:SONY)

Guggenheim Capital LLC lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 351.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 48,460 shares of the company’s stock after acquiring an additional 37,737 shares during the period. Guggenheim Capital LLC’s holdings in Sony Group were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA raised its holdings in shares of 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 buying an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC lifted its position in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after acquiring an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its stake in Sony Group by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Sony Group by 401.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company’s stock valued at $151,119,000 after purchasing an additional 5,718,378 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Sony Group by 383.5% in the fourth quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock worth $125,477,000 after purchasing an additional 4,703,571 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE:SONY opened at $24.33 on Wednesday. The company has a fifty day moving average of $24.10 and a two-hundred day moving average of $21.54. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The stock has a market capitalization of $147.11 billion, a PE ratio of 19.74, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last issued its quarterly earnings results 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SONY shares. Oppenheimer reiterated 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. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They set a “buy” rating on the stock. Finally, Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.