Sony Group (NYSE:SONY) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Sony Group (NYSE:SONY) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating on the stock.

Several other analysts have also weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment 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 company. According to 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 opened at $25.68 on Tuesday. 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 firm’s fifty day simple moving average is $23.49 and its two-hundred day simple moving average is $19.35. Sony Group has a 12 month low of $15.02 and a 12 month high of $25.78. The stock has a market capitalization of $155.27 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last announced 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 for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, analysts predict that Sony Group will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Sony Group

A number of institutional investors and hedge funds have recently bought and sold shares of SONY. Y.D. More Investments Ltd raised its holdings in shares of Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC bought a new stake in Sony Group in the 4th quarter worth about $6,125,000. Fifth Third Bancorp increased its stake in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after buying an additional 119,362 shares during the last quarter. West Family Investments Inc. lifted its position in shares of Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock worth $566,000 after buying an additional 21,303 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after buying an additional 32,725 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

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.