Sony Group Co. (NYSE:SONY) Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 407.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,781 shares of the company's stock after buying an additional 15,886 shares during the period. Gallacher Capital Management LLC's holdings in Sony Group were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its stake in shares of 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 purchasing an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC increased its stake in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. General Partner Inc. increased its stake in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after purchasing an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

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Sony Group Trading Down 0.4 %

NYSE:SONY traded down $0.10 on Thursday, hitting $24.88. The stock had a trading volume of 4,333,826 shares, compared to its average volume of 3,768,536. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $150.44 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 9.95 and a beta of 0.91. The company has a fifty day moving average price of $22.90 and a two-hundred day moving average price of $18.55. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64.

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

Analyst Upgrades and Downgrades

SONY has been the topic of a number of recent research reports. Oppenheimer restated 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. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock 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.