Sony Group Co. (NYSE:SONY) Shares Purchased by Earnest Partners LLC

Earnest Partners LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 388.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,363 shares of the company’s stock after purchasing an additional 77,445 shares during the quarter. Earnest Partners LLC’s holdings in Sony Group were worth $2,060,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners increased its position in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. Capital Analysts LLC increased its position in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after purchasing an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC grew its position in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. Finally, General Partner Inc. grew its position in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

SONY opened at $25.29 on Tuesday. The company has a 50-day moving average of $24.16 and a 200-day moving average of $21.73. The company has a market capitalization of $152.95 billion, a P/E ratio of 20.53, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.89. 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 released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Equities analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SONY has been the subject of several recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate 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.