Gamco Investors INC. ET AL Purchases 5,038,245 Shares of Sony Group Co. (NYSE:SONY)

Gamco Investors INC. ET AL boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 391.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,324,174 shares of the company's stock after acquiring an additional 5,038,245 shares during the period. Sony Group comprises about 1.4% of Gamco Investors INC. ET AL's portfolio, making the stock its 7th largest position. Gamco Investors INC. ET AL owned approximately 0.10% of Sony Group worth $133,820,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Gabelli Funds LLC increased its stake in Sony Group by 389.3% during the 4th quarter. Gabelli Funds LLC now owns 6,369,581 shares of the company's stock valued at $134,780,000 after purchasing an additional 5,067,835 shares in the last quarter. Anchor Investment Management LLC raised its stake in Sony Group by 400.0% in the 4th quarter. Anchor Investment Management LLC now owns 14,375 shares of the company's stock worth $304,000 after acquiring an additional 11,500 shares during the last quarter. Guggenheim Capital LLC lifted its position in Sony Group by 351.9% during the 4th quarter. Guggenheim Capital LLC now owns 48,460 shares of the company's stock worth $1,025,000 after acquiring an additional 37,737 shares during the period. XTX Topco Ltd grew its stake in Sony Group by 176.9% during the 4th quarter. XTX Topco Ltd now owns 20,838 shares of the company's stock valued at $441,000 after purchasing an additional 13,312 shares during the last quarter. Finally, Harber Asset Management LLC raised its stake in shares of Sony Group by 469.5% in the fourth quarter. Harber Asset Management LLC now owns 411,091 shares of the company's stock worth $8,699,000 after purchasing an additional 338,906 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Sanford C. Bernstein initiated coverage on Sony Group in a research note 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 research note on Tuesday, February 25th. Finally, Oppenheimer reissued an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sony Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Trading Up 2.8 %

Shares of SONY traded up $0.66 during mid-day trading on Friday, reaching $24.02. The stock had a trading volume of 4,549,476 shares, compared to its average volume of 4,163,112. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business's fifty day moving average is $24.05 and its 200 day moving average is $21.46. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The firm has a market cap of $145.23 billion, a price-to-earnings ratio of 19.49, 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 data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group 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.