Sony Group Co. (NYSE:SONY) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its position in Sony Group Co. (NYSE:SONY - Free Report) by 424.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,924 shares of the company's stock after buying an additional 116,472 shares during the period. Signaturefd LLC's holdings in Sony Group were worth $3,045,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SONY. Y.D. More Investments Ltd boosted its holdings in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Sony Group during the fourth quarter valued at $6,125,000. Fifth Third Bancorp increased its position in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after acquiring an additional 119,362 shares during the period. West Family Investments Inc. raised its stake in Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after acquiring an additional 21,303 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after acquiring an additional 32,725 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

Sony Group stock traded up $0.36 during midday trading on Friday, hitting $25.25. 24,504,959 shares of the company were exchanged, compared to its average volume of 4,772,834. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The firm has a market capitalization of $152.72 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business has a fifty day simple moving average of $22.98 and a two-hundred day simple moving average of $18.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SONY. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.