XY Capital Ltd Buys 65,106 Shares of Sony Group Co. (NYSE:SONY)

XY Capital Ltd raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 486.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 78,498 shares of the company's stock after buying an additional 65,106 shares during the period. Sony Group comprises approximately 4.2% of XY Capital Ltd's holdings, making the stock its 5th largest holding. XY Capital Ltd's holdings in Sony Group were worth $6,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SONY. Wells Fargo & Company MN lifted its holdings in Sony Group by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 532,329 shares of the company's stock valued at $50,406,000 after buying an additional 23,724 shares during the period. US Bancorp DE lifted its stake in shares of Sony Group by 75.3% in the 4th quarter. US Bancorp DE now owns 128,351 shares of the company's stock valued at $12,154,000 after purchasing an additional 55,129 shares during the period. Ethic Inc. grew its stake in shares of Sony Group by 18.0% during the fourth quarter. Ethic Inc. now owns 119,939 shares of the company's stock worth $11,357,000 after purchasing an additional 18,334 shares during the period. Principal Securities Inc. bought a new stake in Sony Group in the fourth quarter valued at about $1,153,000. Finally, Ellsworth Advisors LLC acquired a new position in Sony Group in the second quarter valued at about $1,413,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 4.6 %

Shares of SONY traded down $4.30 during trading hours on Friday, reaching $90.06. The stock had a trading volume of 972,957 shares, compared to its average volume of 837,996. The company has a market cap of $111.15 billion, a P/E ratio of 16.56 and a beta of 0.95. Sony Group Co. has a 52 week low of $75.11 and a 52 week high of $100.88. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $90.27 and a 200 day moving average of $86.17.

Sony Group shares are going to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be issued to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.11. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, sell-side analysts expect that Sony Group Co. will post 5.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sony Group has an average rating of "Moderate Buy" and an average target price of $108.00.

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.