Sony Group (NYSE:SONY) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Sony Group (NYSE:SONY – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

SONY has been the subject of several other reports. Cowen raised their price objective on shares of Sony Group from $102.00 to $118.00 and gave the stock an outperform rating in a research report on Friday, February 3rd. TheStreet raised shares of Sony Group from a c+ rating to a b- rating in a report on Monday, December 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $115.00.

Sony Group Trading Up 0.2 %

Shares of NYSE:SONY opened at $86.52 on Thursday. Sony Group has a 52-week low of $61.72 and a 52-week high of $107.52. The company has a market capitalization of $106.76 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. The company has a 50-day simple moving average of $86.98 and a 200 day simple moving average of $78.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.45 and a current ratio of 0.61.

Sony Group (NYSE:SONY – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.47. The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $25.02 billion. Sony Group had a net margin of 8.43% and a return on equity of 12.77%. Sell-side analysts forecast that Sony Group will post 5.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SONY. Macquarie Group Ltd. raised its position in Sony Group by 11.9% during the fourth quarter. Macquarie Group Ltd. now owns 811,196 shares of the company’s stock valued at $61,878,000 after purchasing an additional 86,281 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Sony Group during the fourth quarter valued at approximately $231,000. Resurgent Financial Advisors LLC acquired a new position in Sony Group during the fourth quarter valued at approximately $43,000. United Capital Financial Advisers LLC increased its holdings in shares of Sony Group by 5.0% during the fourth quarter. United Capital Financial Advisers LLC now owns 3,494 shares of the company’s stock worth $267,000 after buying an additional 167 shares in the last quarter. Finally, CI Private Wealth LLC acquired a new position in shares of Sony Group during the fourth quarter worth $1,382,000. 7.74% of the stock is owned by institutional investors.

Sony Group Company 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.