FCA Corp TX Raises Stock Position in Sony Group Co. (NYSE:SONY)

FCA Corp TX increased its stake in Sony Group Co. (NYSE:SONY) by 22.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,900 shares of the company’s stock after acquiring an additional 900 shares during the quarter. FCA Corp TX’s holdings in Sony Group were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in Sony Group by 487.0% in the 4th quarter. LPL Financial LLC now owns 745,474 shares of the company’s stock worth $15,774,000 after acquiring an additional 618,484 shares in the last quarter. Sei Investments Co. increased its holdings in Sony Group by 362.7% in the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after acquiring an additional 2,544,193 shares in the last quarter. American Century Companies Inc. increased its holdings in Sony Group by 446.2% in the 4th quarter. American Century Companies Inc. now owns 1,492,062 shares of the company’s stock worth $31,572,000 after acquiring an additional 1,218,892 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Sony Group by 534.2% in the 4th quarter. TD Private Client Wealth LLC now owns 71,270 shares of the company’s stock worth $1,508,000 after acquiring an additional 60,032 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Sony Group by 254.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 17,188 shares of the company’s stock worth $364,000 after acquiring an additional 12,342 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 1.5 %

Shares of SONY stock opened at $25.25 on Friday. The company’s 50-day moving average price is $23.08 and its 200-day moving average price is $18.85. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $152.72 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SONY. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One equities research 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 company. According to MarketBeat.com, Sony Group presently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Company Profile

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.