Alberta Investment Management Corp Has $21.16 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Alberta Investment Management Corp grew its position in Sony Group Co. (NYSE:SONY) by 255.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,000,000 shares of the company’s stock after purchasing an additional 718,840 shares during the quarter. Alberta Investment Management Corp’s holdings in Sony Group were worth $21,160,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Silicon Valley Capital Partners raised its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $26,000. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% during the fourth 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 period. Brown Brothers Harriman & Co. raised its holdings in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE SONY opened at $24.50 on Wednesday. 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 capitalization of $148.14 billion, a P/E ratio of 19.88, a P/E/G ratio of 9.75 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $24.88. The firm has a 50-day moving average price of $21.58 and a two-hundred day moving average price of $15.58.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during 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%. Analysts anticipate that Sony Group Co. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer lowered their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average price target of $24.00.

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.