Sony Group Co. (NYSE:SONY) Stock Position Raised by Rosenberg Matthew Hamilton

Posted by on Mar 27th, 2023

Rosenberg Matthew Hamilton boosted its stake in Sony Group Co. (NYSE:SONY – Get Rating) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,615 shares of the company’s stock after buying an additional 124 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Sony Group were worth $123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in Sony Group in the 2nd quarter worth approximately $25,000. Armstrong Advisory Group Inc. purchased a new stake in Sony Group in the 4th quarter worth approximately $35,000. Guardian Wealth Advisors LLC purchased a new stake in Sony Group in the 3rd quarter worth approximately $32,000. Motco acquired a new position in shares of Sony Group during the 3rd quarter worth $36,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Sony Group during the 1st quarter worth $61,000. Hedge funds and other institutional investors own 7.74% of the company’s stock.

Sony Group Stock Performance

NYSE:SONY opened at $87.53 on Monday. Sony Group Co. has a 1 year low of $61.72 and a 1 year high of $106.82. The firm’s fifty day simple moving average is $87.38 and its 200 day simple moving average is $79.13. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $108.01 billion, a PE ratio of 15.83, a PEG ratio of 2.64 and a beta of 1.06.

Sony Group (NYSE:SONY – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.47. Sony Group had a net margin of 8.43% and a return on equity of 12.77%. The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $25.02 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 5.33 EPS for the current year.

Analyst Ratings Changes

SONY has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Sony Group in a research note on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. Finally, Cowen increased their price target on shares of Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.00.

Sony Group Profile

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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