Vestmark Advisory Solutions Inc. Grows Stock Position in Sony Group Co. (NYSE:SONY)

Posted by on Apr 1st, 2023

Vestmark Advisory Solutions Inc. grew its stake in shares of Sony Group Co. (NYSE:SONY – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,048 shares of the company’s stock after purchasing an additional 410 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Sony Group were worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SONY. Fisher Asset Management LLC boosted its position in Sony Group by 1,876.1% during the 3rd quarter. Fisher Asset Management LLC now owns 4,743,413 shares of the company’s stock valued at $303,816,000 after acquiring an additional 4,503,375 shares in the last quarter. Boston Partners boosted its position in shares of Sony Group by 1.5% during the third quarter. Boston Partners now owns 1,722,784 shares of the company’s stock valued at $111,064,000 after buying an additional 25,191 shares during the last quarter. Anomaly Capital Management LP boosted its position in shares of Sony Group by 0.5% during the third quarter. Anomaly Capital Management LP now owns 1,659,440 shares of the company’s stock valued at $106,287,000 after buying an additional 7,880 shares during the last quarter. BlackRock Inc. boosted its position in Sony Group by 0.8% in the first quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after purchasing an additional 11,272 shares during the last quarter. Finally, Manning & Napier Group LLC boosted its position in Sony Group by 7.7% in the third quarter. Manning & Napier Group LLC now owns 786,026 shares of the company’s stock worth $50,343,000 after purchasing an additional 56,226 shares during the last quarter. Institutional investors own 7.74% of the company’s stock.

Analysts Set New Price Targets

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

Sony Group Stock Performance

Shares of SONY stock opened at $90.65 on Friday. The company has a market capitalization of $111.86 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.65 and a beta of 1.06. The business’s 50 day moving average is $87.43 and its two-hundred day moving average is $79.42. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. Sony Group Co. has a 12-month low of $61.72 and a 12-month high of $106.82.

Sony Group (NYSE:SONY – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.40 by $0.47. The firm had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $25.02 billion. Sony Group had a return on equity of 12.77% and a net margin of 8.43%. Analysts expect that Sony Group Co. will post 5.33 EPS for the current fiscal year.

About Sony Group

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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.

See Also

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

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