Sony Group Co. (NYSE:SONY) Shares Acquired by Americana Partners LLC

Americana Partners LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 399.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,772 shares of the company's stock after purchasing an additional 21,407 shares during the quarter. Americana Partners LLC's holdings in Sony Group were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Trust Co increased its position in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after buying an additional 585 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock valued at $447,000 after buying an additional 599 shares in the last quarter. West Family Investments Inc. increased its position in shares of Sony Group by 13.0% in the third quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock valued at $524,000 after buying an additional 623 shares in the last quarter. Waldron Private Wealth LLC increased its position in shares of Sony Group by 3.3% in the third quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company's stock valued at $1,909,000 after buying an additional 629 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after buying an additional 716 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Price Performance

Shares of SONY traded down $0.12 during trading hours on Friday, hitting $24.81. 5,048,137 shares of the stock were exchanged, compared to its average volume of 3,950,445. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock's 50-day moving average price is $21.74 and its two-hundred day moving average price is $15.86. The company has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.29.

Sony Group (NYSE:SONY - Get Free Report) last issued 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. 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%. Research analysts expect that Sony Group Co. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on SONY. Oppenheimer reiterated 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. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.