Sony Group Co. (NYSE:SONY) Stock Position Raised by LPL Financial LLC

LPL Financial LLC grew its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 487.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 745,474 shares of the company's stock after acquiring an additional 618,484 shares during the quarter. LPL Financial LLC's holdings in Sony Group were worth $15,774,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Silicon Valley Capital Partners increased its holdings in Sony Group by 401.3% in the 4th 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. General Partner Inc. boosted its position 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. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC grew 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 valued at $26,000 after buying an additional 992 shares in the last quarter. Finally, Hilltop National Bank raised its holdings in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock valued at $32,000 after buying an additional 1,174 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Group Stock Down 6.7 %

Shares of NYSE:SONY traded down $1.57 during midday trading on Friday, reaching $21.81. The company had a trading volume of 7,989,026 shares, compared to its average volume of 4,058,797. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. 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 stock has a market capitalization of $131.90 billion, a P/E ratio of 17.70, a PEG ratio of 9.95 and a beta of 0.94. The stock's fifty day moving average price is $23.90 and its 200-day moving average price is $20.44.

Sony Group (NYSE:SONY - Get Free Report) last issued 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.