Sony Group Co. (NYSE:SONY) Stock Holdings Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in Sony Group Co. (NYSE:SONY) by 407.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,314 shares of the company’s stock after purchasing an additional 485,260 shares during the quarter. Lazard Asset Management LLC’s holdings in Sony Group were worth $12,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. LMR Partners LLP purchased a new position in Sony Group in the fourth quarter valued at about $44,854,000. London Co. of Virginia boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. London Co. of Virginia now owns 22,000 shares of the company’s stock worth $466,000 after acquiring an additional 17,600 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Sony Group by 388.7% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 214,120 shares of the company’s stock worth $4,531,000 after acquiring an additional 170,310 shares in the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of Sony Group by 236.4% during the 4th quarter. Lighthouse Investment Partners LLC now owns 269,504 shares of the company’s stock worth $5,703,000 after acquiring an additional 189,394 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. Janus Henderson Group PLC now owns 27,015 shares of the company’s stock worth $572,000 after acquiring an additional 21,612 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SONY. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. The Goldman Sachs Group began coverage on Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Group Stock Down 0.8%

Shares of SONY stock opened at $24.54 on Wednesday. Sony Group Co. has a 12 month low of $15.67 and a 12 month high of $26.08. The firm has a market cap of $148.41 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The stock has a 50 day moving average of $24.23 and a 200-day moving average of $22.23. 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 results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

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.