Barden Capital Management Inc. Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

Barden Capital Management Inc. lifted its position in shares of Sony Group Co. (NYSE:SONY) by 405.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,522 shares of the company’s stock after buying an additional 68,598 shares during the quarter. Sony Group makes up 1.6% of Barden Capital Management Inc.’s holdings, making the stock its 25th largest holding. Barden Capital Management Inc.’s holdings in Sony Group were worth $1,810,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Silicon Valley Capital Partners lifted its stake in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group in the 4th quarter worth $26,000. General Partner Inc. lifted its stake in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its stake in Sony Group by 400.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Performance

Sony Group stock opened at $24.45 on Friday. The company’s 50-day moving average price is $22.39 and its 200-day moving average price is $17.19. Sony Group Co. has a twelve month low of $15.02 and a twelve month 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 market cap of $147.84 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities research analysts forecast that Sony Group Co. will post 1.23 EPS 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.