Pitcairn Co. Acquires 136,156 Shares of Sony Group Co. (NYSE:SONY)

Pitcairn Co. lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 445.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,692 shares of the company's stock after buying an additional 136,156 shares during the period. Pitcairn Co.'s holdings in Sony Group were worth $3,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SONY. Silicon Valley Capital Partners grew its holdings in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the period. General Partner Inc. grew its stake in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the fourth quarter valued at approximately $26,000. Fairscale Capital LLC increased 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 valued at $26,000 after buying an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC boosted its stake in shares of 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 in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Sony Group stock traded up $0.63 on Tuesday, hitting $21.87. The company's stock had a trading volume of 2,193,646 shares, compared to its average volume of 4,077,959. The firm has a market cap of $132.24 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a fifty day moving average price of $23.91 and a 200-day moving average price of $20.56. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last posted 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 return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. On average, equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SONY shares. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday. The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from 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.