Sony Group Co. (NYSE:SONY) Holdings Raised by Barden Capital Management Inc.

Barden Capital Management Inc. boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 405.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,522 shares of the company's stock after acquiring an additional 68,598 shares during the quarter. Sony Group comprises about 1.6% of Barden Capital Management Inc.'s holdings, making the stock its 25th largest holding. Barden Capital Management Inc.'s holdings in Sony Group were worth $1,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its position in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sony Group in the 4th quarter valued at approximately $36,964,000. Cardinal Capital Management Inc. raised its position in shares of Sony Group by 403.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Cambiar Investors LLC raised its position in shares of Sony Group by 548.9% during the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock valued at $22,414,000 after acquiring an additional 896,013 shares in the last quarter. Finally, XY Capital Ltd raised its position in shares of Sony Group by 1,850.5% during the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company's stock valued at $19,478,000 after acquiring an additional 873,339 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

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Wall Street Analysts Forecast Growth

SONY has been the topic of several research reports. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sony Group presently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Stock Performance

SONY traded down $0.28 during trading on Friday, reaching $24.13. 3,617,070 shares of the company were exchanged, compared to its average volume of 3,647,513. The stock has a market cap of $145.90 billion, a P/E ratio of 19.58, a PEG ratio of 9.95 and a beta of 0.91. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $17.43. 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 Co. has a 52 week low of $15.02 and a 52 week high of $25.64.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group Company 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.