Rockefeller Capital Management L.P. Acquires 470,816 Shares of Sony Group Co. (NYSE:SONY)

Rockefeller Capital Management L.P. lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 373.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 597,009 shares of the company's stock after purchasing an additional 470,816 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Sony Group were worth $12,634,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Silicon Valley Capital Partners boosted 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 buying an additional 927 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group during the 4th quarter worth $26,000. Fairscale Capital LLC increased its stake 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 during the period. General Partner Inc. raised its position 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 acquiring an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC boosted its holdings in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SONY. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (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 research note on Tuesday, March 25th. They issued a "buy" rating on the stock. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Stock Performance

Sony Group stock traded up $0.66 during midday trading on Friday, reaching $24.02. The stock had a trading volume of 4,549,476 shares, compared to its average volume of 4,163,112. 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 firm has a market capitalization of $145.23 billion, a PE ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The firm's 50-day moving average price is $24.05 and its 200 day moving average price is $21.46.

Sony Group (NYSE:SONY - Get Free Report) last issued 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. The business had revenue of $28.95 billion during 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, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.