Neuberger Berman Group LLC Acquires 567,992 Shares of Sony Group Co. (NYSE:SONY)

Neuberger Berman Group LLC lifted its position in Sony Group Co. (NYSE:SONY - Free Report) by 350.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 730,108 shares of the company's stock after purchasing an additional 567,992 shares during the quarter. Neuberger Berman Group LLC's holdings in Sony Group were worth $15,457,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners lifted 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. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the 4th quarter valued at $26,000. Fairscale Capital LLC lifted its stake in 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 during the last quarter. General Partner Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares during the period. Finally, Accent Capital Management LLC lifted 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 acquiring an additional 1,104 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 0.6 %

NYSE SONY traded down $0.14 on Wednesday, hitting $23.54. 1,494,992 shares of the stock were exchanged, compared to its average volume of 4,142,126. The company has a market capitalization of $142.36 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 52-week low of $15.02 and a 52-week 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 company's 50-day moving average price is $23.97 and its two-hundred day moving average price is $21.38.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during 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%. Research analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.