Sony Group Co. (NYSE:SONY) Shares Bought by Boston Partners

Boston Partners lifted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 464.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,370 shares of the company's stock after purchasing an additional 200,226 shares during the period. Boston Partners' holdings in Sony Group were worth $5,147,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Silicon Valley Capital Partners boosted its position in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares during the period. General Partner Inc. raised its stake in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group in the fourth quarter valued at $26,000. Fairscale Capital LLC grew its stake in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Hilltop National Bank increased its holdings in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Sony Group Stock Down 0.6 %

SONY stock traded down $0.15 during trading on Tuesday, hitting $25.13. 481,149 shares of the company's stock were exchanged, compared to its average volume of 3,905,282. The business has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $19.11. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $151.95 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 9.95 and a beta of 0.91. 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 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 net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

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.