American Century Companies Inc. Purchases 1,218,892 Shares of Sony Group Co. (NYSE:SONY)

American Century Companies Inc. boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 446.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,492,062 shares of the company's stock after purchasing an additional 1,218,892 shares during the period. American Century Companies Inc.'s holdings in Sony Group were worth $31,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Charles Schwab Investment Management Inc. lifted its holdings in Sony Group by 25.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company's stock valued at $7,649,000 after buying an additional 16,073 shares during the period. Townsquare Capital LLC grew its holdings in Sony Group by 3.0% in the third quarter. Townsquare Capital LLC now owns 45,981 shares of the company's stock worth $4,440,000 after purchasing an additional 1,323 shares during the period. Cynosure Group LLC acquired a new position in shares of Sony Group during the third quarter valued at about $209,000. CreativeOne Wealth LLC bought a new position in shares of Sony Group during the 3rd quarter worth about $201,000. Finally, Fiduciary Trust Co grew its stake in shares of Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after buying an additional 585 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 1.4 %

Shares of NYSE SONY traded down $0.36 during trading on Tuesday, hitting $25.04. The stock had a trading volume of 8,387,683 shares, compared to its average volume of 4,001,433. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The company has a market capitalization of $151.40 billion, a PE ratio of 20.35, a PEG ratio of 9.95 and a beta of 0.91. The firm has a fifty day moving average of $23.68 and a two-hundred day moving average of $19.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. As a group, equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

SONY has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $28.00.

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.