Fiduciary Management Inc. WI Purchases 8,157,776 Shares of Sony Group Co. (NYSE:SONY)

Fiduciary Management Inc. WI raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 377.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,320,498 shares of the company's stock after purchasing an additional 8,157,776 shares during the period. Sony Group makes up approximately 2.0% of Fiduciary Management Inc. WI's holdings, making the stock its 12th largest holding. Fiduciary Management Inc. WI owned approximately 0.17% of Sony Group worth $218,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FCA Corp TX boosted its position in Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% in the 4th 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. Fairscale Capital LLC boosted its stake in shares of Sony Group by 400.0% during 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 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 worth $26,000 after buying an additional 996 shares during the period. Finally, Accent Capital Management LLC boosted its position in 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 buying an additional 1,104 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sony Group Stock Up 0.5 %

Shares of SONY stock traded up $0.12 during trading hours on Thursday, hitting $25.01. 1,502,480 shares of the company's stock traded hands, compared to its average volume of 5,090,636. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $151.22 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 9.95 and a beta of 0.94. The stock's fifty day simple moving average is $24.12 and its two-hundred day simple moving average is $21.57. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. On average, analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

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.