Smartleaf Asset Management LLC Has $694,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

Smartleaf Asset Management LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 568.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,727 shares of the company’s stock after buying an additional 27,828 shares during the period. Smartleaf Asset Management LLC’s holdings in Sony Group were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cape Investment Advisory Inc. increased its holdings in shares of Sony Group by 336.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 4,600 shares of the company’s stock worth $97,000 after buying an additional 3,545 shares in the last quarter. Jacobi Capital Management LLC acquired a new stake in shares of Sony Group during the fourth quarter worth approximately $206,000. US Bancorp DE increased its holdings in shares of Sony Group by 419.2% during the fourth quarter. US Bancorp DE now owns 661,811 shares of the company’s stock worth $14,004,000 after buying an additional 534,354 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Finally, Henry James International Management Inc. increased its holdings in shares of Sony Group by 400.2% in the fourth quarter. Henry James International Management Inc. now owns 523,175 shares of the company’s stock valued at $11,070,000 after purchasing an additional 418,578 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Sony Group Stock Performance

Shares of Sony Group stock opened at $24.59 on Tuesday. The firm has a fifty day moving average of $22.20 and a two-hundred day moving average of $16.94. The stock has a market capitalization of $148.71 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. 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 issued its 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 during 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 research analysts predict that Sony Group Co. will post 1.23 EPS 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.