Capital International Investors Raises Stake in Sony Group Co. (NYSE:SONY)

Capital International Investors raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 549.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,199 shares of the company's stock after purchasing an additional 43,311 shares during the quarter. Capital International Investors' holdings in Sony Group were worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the 4th quarter worth about $26,000. Fairscale Capital LLC lifted its stake in shares of Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares during the period. Finally, Accent Capital Management LLC boosted its position in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 0.9 %

Shares of SONY traded up $0.23 on Thursday, reaching $25.12. The company's stock had a trading volume of 3,192,490 shares, compared to its average volume of 4,167,377. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The stock has a market capitalization of $151.89 billion, a PE ratio of 20.39, a PEG ratio of 9.95 and a beta of 0.94. 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 firm has a fifty day moving average of $24.12 and a 200-day moving average of $21.57.

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 the consensus estimate 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%. Equities analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group began coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Two analysts have 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 data from MarketBeat, Sony Group presently has an average rating of "Moderate Buy" and an average target price of $28.00.

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.