Charles Schwab Investment Management Inc. Buys 401,919 Shares of Sony Group Co. (NYSE:SONY)

Charles Schwab Investment Management Inc. increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 507.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 481,130 shares of the company's stock after purchasing an additional 401,919 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Sony Group were worth $10,181,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SONY. Fiduciary Trust Co grew its position in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after purchasing an additional 585 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock valued at $447,000 after buying an additional 599 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after buying an additional 716 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after buying an additional 751 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings 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 buying an additional 927 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

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Sony Group Stock Performance

Shares of NYSE SONY traded down $0.13 during trading hours on Tuesday, reaching $25.15. The stock had a trading volume of 270,723 shares, compared to its average volume of 3,905,282. The company has a market cap of $152.07 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The business's fifty 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 current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of 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 given a strong buy rating to the company. According to data from MarketBeat, Sony Group has a consensus rating of "Buy" and an average price target 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.