Cambiar Investors LLC trimmed its position in shares of Sony Group Co. (NYSE:SONY – Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,815 shares of the company’s stock after selling 16,703 shares during the period. Cambiar Investors LLC’s holdings in Sony Group were worth $16,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. CVA Family Office LLC purchased a new stake in Sony Group during the 4th quarter valued at $27,000. KB Financial Partners LLC bought a new position in Sony Group in the 1st quarter valued at $29,000. Fortitude Family Office LLC bought a new position in Sony Group in the 4th quarter valued at $31,000. Resurgent Financial Advisors LLC bought a new position in Sony Group in the 4th quarter valued at $43,000. Finally, Pinnacle Holdings LLC bought a new position in Sony Group in the 1st quarter valued at $61,000. 14.05% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SONY shares. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Oppenheimer reissued an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Wolfe Research initiated coverage on Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. Finally, TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.
Sony Group Stock Up 0.3 %
SONY stock traded up $0.27 during trading on Friday, reaching $84.82. 398,131 shares of the company traded hands, compared to its average volume of 572,536. The business has a 50 day simple moving average of $89.63 and a 200 day simple moving average of $88.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94. The company has a market capitalization of $104.69 billion, a price-to-earnings ratio of 16.37 and a beta of 0.98.
Sony Group (NYSE:SONY – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. On average, equities research analysts anticipate that Sony Group Co. will post 5.21 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.