Goldman Sachs Group Inc. Has $121.27 Million Position in Sony Group Co. (NYSE:SONY)

Goldman Sachs Group Inc. reduced its position in shares of Sony Group Co. (NYSE:SONY) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,280,685 shares of the company’s stock after selling 6,074 shares during the period. Goldman Sachs Group Inc. owned about 0.10% of Sony Group worth $121,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. Harding Loevner LP raised its holdings in Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after acquiring an additional 2,181,169 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock worth $602,150,000 after acquiring an additional 342,025 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Sony Group by 39.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock worth $87,952,000 after acquiring an additional 299,300 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Sony Group by 77.6% during the fourth quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock worth $29,891,000 after acquiring an additional 137,963 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Sony Group by 39.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 420,973 shares of the company’s stock worth $39,908,000 after acquiring an additional 118,506 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock traded down $1.88 on Friday, hitting $82.22. The stock had a trading volume of 667,304 shares, compared to its average volume of 693,716. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The business’s 50 day moving average is $82.49 and its two-hundred day moving average is $88.16. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. The stock has a market cap of $101.48 billion, a price-to-earnings ratio of 15.11 and a beta of 0.95.

Sony Group (NYSE:SONY) last posted its earnings results on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The company had revenue of $23.45 billion for the quarter, compared to the consensus estimate of $18.97 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts forecast that Sony Group Co. will post 5.6 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.00.

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.