Sony Group Co. (NYSE:SONY) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 375.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,484 shares of the company's stock after buying an additional 251,565 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Sony Group were worth $6,739,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Primecap Management Co. CA grew its position in shares of Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its position in Sony Group by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after buying an additional 2,544,193 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company's stock worth $65,323,000 after buying an additional 2,452,504 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Performance

Shares of SONY stock traded down $1.13 during trading hours on Thursday, reaching $23.71. 2,404,850 shares of the company's stock were exchanged, compared to its average volume of 4,990,990. 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 1 year low of $15.02 and a 1 year high of $25.78. The company has a market cap of $143.39 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company's 50 day moving average is $23.84 and its two-hundred day moving average is $20.06.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "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.