Dynamic Technology Lab Private Ltd Has $1.55 Million Stake in Sony Group Co. (NYSE:SONY)

Dynamic Technology Lab Private Ltd raised its position in Sony Group Co. (NYSE:SONY) by 374.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,349 shares of the company’s stock after acquiring an additional 57,884 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sony Group were worth $1,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners lifted its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares during the period. General Partner Inc. increased its holdings in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC raised its stake in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after acquiring an additional 1,104 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SONY. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 6.7 %

SONY stock opened at $21.81 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The company has a market capitalization of $131.90 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company’s 50-day simple moving average is $23.90 and its 200 day simple moving average is $20.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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

Sony Group 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.