Sony Group Co. (NYSE:SONY) Receives $108.00 Consensus Target Price from Brokerages

Sony Group Co. (NYSE:SONY) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $108.00.

Separately, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st.

Hedge Funds Weigh In On Sony Group

Several institutional investors and hedge funds have recently made changes to their positions in SONY. Russell Investments Group Ltd. grew its holdings in shares of Sony Group by 107.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock valued at $123,000 after purchasing an additional 673 shares during the last quarter. 9258 Wealth Management LLC bought a new position in shares of Sony Group during the 4th quarter valued at $221,000. Dimensional Fund Advisors LP grew its holdings in shares of Sony Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 547,573 shares of the company’s stock valued at $51,850,000 after purchasing an additional 2,350 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Sony Group by 11.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 30,889 shares of the company’s stock valued at $2,925,000 after purchasing an additional 3,237 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Sony Group by 19.2% during the 4th quarter. Ieq Capital LLC now owns 4,996 shares of the company’s stock valued at $473,000 after purchasing an additional 804 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY opened at $90.49 on Thursday. The company’s 50 day simple moving average is $91.05 and its two-hundred day simple moving average is $86.47. The stock has a market capitalization of $111.68 billion, a PE ratio of 16.63 and a beta of 0.95. Sony Group has a 1 year low of $75.11 and a 1 year high of $100.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47.

Sony Group shares are going to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Analysts predict that Sony Group will post 5.63 earnings per share for the current fiscal year.

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.