Quadrant Capital Group LLC Buys 66,710 Shares of Sony Group Co. (NYSE:SONY)

Quadrant Capital Group LLC increased its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 425.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,379 shares of the company's stock after acquiring an additional 66,710 shares during the period. Quadrant Capital Group LLC's holdings in Sony Group were worth $1,743,000 as of its most recent filing with the SEC.

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

Sony Group Trading Down 1.0 %

Shares of Sony Group stock traded down $0.22 during trading on Friday, reaching $22.70. 1,543,611 shares of the stock were exchanged, compared to its average volume of 4,133,404. 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 Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The stock's fifty day moving average is $23.93 and its 200 day moving average is $20.97. The firm has a market cap of $137.26 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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%. As a group, equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.