Franklin Resources Inc. Grows Stake in Sony Group Co. (NYSE:SONY)

Franklin Resources Inc. lifted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 308.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,264 shares of the company's stock after purchasing an additional 96,102 shares during the quarter. Franklin Resources Inc.'s holdings in Sony Group were worth $2,693,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Silicon Valley Capital Partners grew 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 valued at $25,000 after buying an additional 927 shares during the last quarter. 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 buying an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the 4th quarter valued at approximately $26,000. Fairscale Capital LLC increased its stake 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 worth $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC grew 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 worth $29,000 after purchasing an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a research note 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. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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Sony Group Trading Up 3.2 %

NYSE SONY traded up $0.76 during trading on Thursday, hitting $24.12. The stock had a trading volume of 3,541,644 shares, compared to its average volume of 4,146,969. The firm has a 50 day moving average price of $23.98 and a 200 day moving average price of $21.39. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The company has a market capitalization of $145.86 billion, a PE ratio of 19.57, a PEG ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results 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. The firm had revenue of $28.95 billion during 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%. As a group, equities research analysts forecast that Sony Group Co. will post 1.23 earnings per share 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.