Sony Group Co. (NYSE:SONY) Shares Purchased by Nixon Capital LLC

Nixon Capital LLC lifted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 422.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,082,650 shares of the company's stock after buying an additional 875,425 shares during the quarter. Sony Group makes up 7.3% of Nixon Capital LLC's portfolio, making the stock its 3rd biggest position. Nixon Capital LLC's holdings in Sony Group were worth $22,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Primecap Management Co. CA grew its position in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after buying an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD lifted its holdings in shares of Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares during the period. Envestnet Asset Management Inc. boosted its stake in Sony Group by 401.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock valued at $151,119,000 after buying an additional 5,718,378 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Sony Group by 383.5% during the fourth quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock worth $125,477,000 after acquiring an additional 4,703,571 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Sony Group Stock Up 0.1 %

NYSE SONY traded up $0.03 during trading on Friday, hitting $22.95. 4,791,142 shares of the company traded hands, compared to its average volume of 4,154,818. The company has a market capitalization of $138.81 billion, a P/E ratio of 18.63, a PEG ratio of 9.95 and a beta of 0.94. The business has a fifty day simple moving average of $23.94 and a 200 day simple moving average of $21.10. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. 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, 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 the consensus estimate of $24.32 billion. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current 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.