Sony Group Co. (NYSE:SONY) Shares Purchased by Columbia Asset Management

Columbia Asset Management boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,498 shares of the company's stock after buying an additional 85,223 shares during the quarter. Columbia Asset Management's holdings in Sony Group were worth $2,253,000 at the end of the most recent reporting period.

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

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Sony Group Trading Down 6.7 %

SONY stock traded down $1.57 during trading on Friday, reaching $21.81. 7,989,026 shares of the stock were exchanged, compared to its average volume of 4,050,819. The business has a 50 day moving average price of $23.90 and a 200-day moving average price of $20.20. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. 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 market capitalization of $131.90 billion, a price-to-earnings ratio of 17.70, 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 results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on SONY shares. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus 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.