Aviso Financial Inc. Buys 61,950 Shares of Sony Group Co. (NYSE:SONY)

Aviso Financial Inc. increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 393.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,700 shares of the company's stock after buying an additional 61,950 shares during the period. Aviso Financial Inc.'s holdings in Sony Group were worth $1,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC lifted its stake in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after buying an additional 7,925,643 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Sony Group in the 4th quarter worth approximately $36,964,000. Cardinal Capital Management Inc. grew its position in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the last quarter. Finally, Cambiar Investors LLC raised its stake in shares of Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock worth $22,414,000 after acquiring an additional 896,013 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $28.00.

Sony Group Trading Up 0.2 %

Shares of SONY stock traded up $0.05 during trading hours on Tuesday, reaching $24.56. The company's stock had a trading volume of 10,611,797 shares, compared to its average volume of 3,738,849. The stock has a market capitalization of $148.55 billion, a P/E ratio of 19.94, a P/E/G ratio of 9.95 and a beta of 0.91. The firm's fifty day simple moving average is $22.74 and its 200 day simple moving average is $18.36. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

About Sony Group

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.