Natixis Advisors LLC Increases Stock Position in Sony Group Co. (NYSE:SONY)

Natixis Advisors LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 525.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,206,912 shares of the company's stock after purchasing an additional 1,853,871 shares during the quarter. Natixis Advisors LLC's holdings in Sony Group were worth $46,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% in 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 in the last quarter. General Partner Inc. lifted its holdings 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 in the last quarter. 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 lifted its holdings 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 buying an additional 992 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after buying an additional 1,174 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SONY shares. 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. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Group Price Performance

NYSE SONY traded down $0.10 on Thursday, reaching $24.88. 4,296,839 shares of the company's stock traded hands, compared to its average volume of 3,768,384. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64. The stock has a market cap of $150.44 billion, a PE ratio of 20.19, a P/E/G ratio of 9.95 and a beta of 0.91. The stock has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $18.55.

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, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. As a group, research analysts predict that Sony Group Co. will post 1.23 earnings per share 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.