Qtron Investments LLC Acquires 62,860 Shares of Sony Group Co. (NYSE:SONY)

Qtron Investments LLC grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 78,575 shares of the company's stock after buying an additional 62,860 shares during the period. Qtron Investments LLC's holdings in Sony Group were worth $1,663,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Coldstream Capital Management Inc. increased its position in shares of Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after purchasing an additional 751 shares during the period. FCA Corp TX raised its stake in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% during the 4th 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. Fairscale Capital LLC lifted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the period. Finally, 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 acquiring an additional 996 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Up 3.7 %

Shares of NYSE SONY traded up $0.87 during mid-day trading on Thursday, hitting $24.23. The company's stock had a trading volume of 2,955,433 shares, compared to its average volume of 4,144,712. The company's fifty day simple moving average is $23.98 and its 200-day simple moving average is $21.39. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The stock has a market cap of $146.50 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. 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 (NYSE:SONY - Get Free Report) last announced its quarterly 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 analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. 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, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.00.

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.