Sony Group (NYSE:SONY) Shares Gap Down to $88.62

Sony Group Co. (NYSE:SONYGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $88.62, but opened at $86.26. Sony Group shares last traded at $86.06, with a volume of 70,215 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Wolfe Research began coverage on shares of Sony Group in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

View Our Latest Analysis on SONY

Sony Group Stock Up 0.9 %

The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market cap of $107.03 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. The firm’s 50 day simple moving average is $91.60 and its 200 day simple moving average is $88.92.

Sony Group (NYSE:SONYGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sell-side analysts anticipate that Sony Group Co. will post 5.19 EPS for the current fiscal year.

Institutional Trading of Sony Group

A number of large investors have recently added to or reduced their stakes in SONY. Cetera Advisor Networks LLC boosted its holdings in Sony Group by 31.8% during the first quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock worth $442,000 after buying an additional 1,039 shares in the last quarter. BlackRock Inc. boosted its holdings in Sony Group by 0.8% during the first quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after buying an additional 11,272 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Sony Group by 4.5% during the first quarter. Cibc World Market Inc. now owns 28,862 shares of the company’s stock worth $2,964,000 after buying an additional 1,237 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Sony Group by 12.8% during the first quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after buying an additional 711 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Sony Group by 46.2% during the first quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock worth $564,000 after buying an additional 1,736 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Company Profile

(Get Free Report)

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.

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