Sony Group Co. (NYSE:SONY) Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC increased its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 383.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,929,924 shares of the company's stock after purchasing an additional 4,703,571 shares during the period. Clearbridge Investments LLC owned 0.10% of Sony Group worth $125,477,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC increased its position in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Sei Investments Co. lifted its holdings in Sony Group by 362.7% in the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after purchasing an additional 2,544,193 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Sony Group by 384.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company's stock worth $65,323,000 after purchasing an additional 2,452,504 shares during 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 1.2 %

SONY stock traded down $0.30 on Wednesday, hitting $24.87. 4,671,576 shares of the company were exchanged, compared to its average volume of 4,018,593. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $150.41 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The business's fifty day moving average is $23.76 and its two-hundred day moving average is $20.02.

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

Analyst Ratings Changes

SONY has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sony Group 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.