Dynamic Technology Lab Private Ltd Has $1.55 Million Holdings in Sony Group Co. (NYSE:SONY)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 374.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,349 shares of the company’s stock after buying an additional 57,884 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sony Group were worth $1,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Primecap Management Co. CA raised its position in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Sony Group by 425.9% during 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 during the period. Mondrian Investment Partners LTD increased 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 valued at $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Sony Group by 383.5% in the fourth quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock valued at $125,477,000 after buying an additional 4,703,571 shares during the period. Finally, Sei Investments Co. boosted its holdings in Sony Group by 362.7% during the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after buying an additional 2,544,193 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Finally, Oppenheimer reissued 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Trading Down 6.7 %

NYSE SONY opened at $21.81 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock’s 50 day moving average price is $23.90 and its two-hundred day moving average price is $20.20. The stock has a market capitalization of $131.90 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings data 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 for 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%. As a group, analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.