Capital World Investors Acquires 3,204,684 Shares of Sony Group Co. (NYSE:SONY)

Capital World Investors raised its stake in Sony Group Co. (NYSE:SONY - Free Report) by 409.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,987,531 shares of the company's stock after acquiring an additional 3,204,684 shares during the quarter. Capital World Investors owned about 0.07% of Sony Group worth $84,379,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners increased its stake in shares of 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 purchasing an additional 927 shares during the period. General Partner Inc. grew its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $26,000. Fairscale Capital LLC boosted its position in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC boosted its position in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Price Performance

NYSE SONY traded up $0.23 on Thursday, hitting $25.12. 3,192,490 shares of the company's stock were exchanged, compared to its average volume of 4,167,377. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The stock has a 50-day moving average of $24.14 and a 200-day moving average of $21.61. 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 cap of $151.89 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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%. Analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

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.