PDS Planning Inc Increases Position in Sony Group Co. (NYSE:SONY)

PDS Planning Inc lifted its position in Sony Group Co. (NYSE:SONY) by 418.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,893 shares of the company’s stock after purchasing an additional 23,318 shares during the period. PDS Planning Inc’s holdings in Sony Group were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Primecap Management Co. CA grew its stake in Sony Group by 379.5% during the fourth 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 in the last quarter. Fisher Asset Management LLC grew its stake in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD grew its stake in Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after acquiring an additional 7,925,643 shares in the last quarter. Natixis Advisors LLC grew its stake in Sony Group by 525.1% during the fourth quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock valued at $46,698,000 after acquiring an additional 1,853,871 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Sony Group during the fourth quarter valued at $36,964,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SONY. Oppenheimer reiterated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

SONY stock opened at $24.56 on Wednesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $18.51. The firm has a market capitalization of $148.55 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion during 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%. Analysts anticipate that Sony Group Co. will post 1.23 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.