Handelsbanken Fonder AB Boosts Holdings in Sony Group Co. (NYSE:SONY)

Handelsbanken Fonder AB grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 315.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 620,000 shares of the company’s stock after acquiring an additional 470,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sony Group were worth $13,119,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners raised its stake 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 in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the fourth quarter worth approximately $26,000. General Partner Inc. raised its stake 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 in the last quarter. Brown Brothers Harriman & Co. raised its stake 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after acquiring an additional 1,204 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 0.5 %

NYSE:SONY opened at $24.81 on Friday. The company has a fifty day moving average of $21.74 and a 200 day moving average of $15.86. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29. 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 firm has a market capitalization of $150.01 billion, a P/E ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, research analysts predict that Sony Group Co. will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

SONY has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.