Charles Schwab Investment Management Inc. Raises Holdings in Sony Group Co. (NYSE:SONY)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 507.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 481,130 shares of the company’s stock after acquiring an additional 401,919 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sony Group were worth $10,181,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC grew its holdings in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Cambiar Investors LLC grew its holdings in Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after purchasing an additional 896,013 shares during the last quarter. XY Capital Ltd grew its holdings in Sony Group by 1,850.5% in the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after purchasing an additional 873,339 shares during the last quarter. Finally, Pictet North America Advisors SA grew its holdings in Sony Group by 333.4% in the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after purchasing an additional 813,429 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.5 %

NYSE:SONY opened at $25.25 on Friday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64. The firm has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $18.85. 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 company has a market capitalization of $152.72 billion, a P/E ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last posted its earnings results 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 company 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%. On average, equities research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SONY. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer reiterated an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $28.00.

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.