Generali Investments Towarzystwo Funduszy Inwestycyjnych Buys 24,140 Shares of Sony Group Co. (NYSE:SONY)

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in Sony Group Co. (NYSE:SONY) by 563.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,425 shares of the company’s stock after buying an additional 24,140 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Sony Group were worth $601,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cardinal Capital Management Inc. boosted its position in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Fisher Asset Management LLC raised its stake in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the period. Cambiar Investors LLC raised its stake in Sony Group by 548.9% during the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after buying an additional 896,013 shares during the period. XY Capital Ltd raised its stake in Sony Group by 1,850.5% during the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after buying an additional 873,339 shares during the period. Finally, Pictet North America Advisors SA raised its stake in Sony Group by 333.4% during the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after buying an additional 813,429 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock opened at $25.04 on Friday. The company has a market cap of $151.40 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The business has a 50 day moving average price of $22.05 and a 200-day moving average price of $16.46. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SONY. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer reaffirmed 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, February 20th. One research 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 stock. According to data from MarketBeat, the stock presently 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.