Harber Asset Management LLC Buys 338,906 Shares of Sony Group Co. (NYSE:SONY)

Harber Asset Management LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 469.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 411,091 shares of the company's stock after acquiring an additional 338,906 shares during the quarter. Sony Group comprises about 2.6% of Harber Asset Management LLC's investment portfolio, making the stock its 16th largest holding. Harber Asset Management LLC's holdings in Sony Group were worth $8,699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its holdings in Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after buying an additional 751 shares during the period. FCA Corp TX increased its stake in Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after acquiring an additional 900 shares during the last quarter. Silicon Valley Capital Partners raised its position in 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 purchasing an additional 927 shares in the last quarter. Fairscale Capital LLC lifted its stake in 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 purchasing an additional 992 shares during 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 valued at $26,000 after purchasing an additional 996 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

SONY has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group assumed 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 report on Tuesday, February 25th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat, Sony Group currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Trading Up 2.8 %

NYSE:SONY traded up $0.66 during trading hours on Friday, hitting $24.02. 4,549,476 shares of the company were exchanged, compared to its average volume of 4,163,112. The company has a fifty day simple moving average of $24.05 and a 200 day simple moving average of $21.46. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The stock has a market capitalization 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. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its 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. 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 analysts' expectations of $24.32 billion. Sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal 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.