Generali Investments CEE investicni spolecnost a.s. Takes Position in Sony Group Co. (NYSE:SONY)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 165,750 shares of the company’s stock, valued at approximately $3,507,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silicon Valley Capital Partners grew its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter valued at approximately $26,000. General Partner Inc. grew its position in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after buying an additional 716 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Down 1.1 %

NYSE SONY opened at $24.13 on Friday. The business has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $17.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The stock has a market capitalization of $145.90 billion, a PE ratio of 19.58, a PEG ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer reiterated 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.