Fmr LLC Has $118.75 Million Stake in Sony Group Co. (NYSE:SONY)

FMR LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 433.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,611,758 shares of the company's stock after acquiring an additional 4,560,626 shares during the period. FMR LLC owned 0.09% of Sony Group worth $118,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in shares of Sony Group by 23.2% during the 3rd 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 period. FCA Corp TX lifted its holdings in Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after purchasing an additional 900 shares during the last quarter. Silicon Valley Capital Partners grew 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. Fairscale Capital LLC increased its holdings 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 worth $26,000 after buying an additional 992 shares in the last quarter. Finally, General Partner Inc. boosted its holdings in shares of 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. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SONY has been the subject of several research analyst reports. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Two research 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's stock. Based on data from MarketBeat, Sony Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Trading Up 2.8 %

NYSE SONY traded up $0.66 during trading on Friday, reaching $24.02. 4,549,476 shares of the stock traded hands, compared to its average volume of 4,155,448. The stock's 50-day moving average price is $24.01 and its 200 day moving average price is $21.42. 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 firm has a market cap of $145.23 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78.

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, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Sony Group Company 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.