Blueshift Asset Management LLC Has $1.07 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Blueshift Asset Management LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 83.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,363 shares of the company's stock after buying an additional 22,895 shares during the quarter. Blueshift Asset Management LLC's holdings in Sony Group were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its position in shares of Sony Group by 1.8% during the third quarter. Pathstone Holdings LLC now owns 57,661 shares of the company's stock valued at $5,568,000 after purchasing an additional 1,045 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of Sony Group in the 3rd quarter valued at $208,000. Commerce Bank bought a new position in shares of Sony Group during the 3rd quarter worth about $231,000. First Horizon Advisors Inc. boosted its position in shares of Sony Group by 14.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock valued at $447,000 after acquiring an additional 599 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 16,073 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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Sony Group Price Performance

Sony Group stock traded up $0.02 during trading hours on Monday, hitting $25.25. 13,638,991 shares of the stock were exchanged, compared to its average volume of 3,905,367. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64. The business's 50-day moving average is $23.18 and its two-hundred day moving average is $19.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a market capitalization of $152.72 billion, a P/E ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY - Get Free Report) last released 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. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal 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.