Arnhold LLC Grows Stake in Sony Group Co. (NYSE:SONY)

Arnhold LLC grew its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 355.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 718,430 shares of the company's stock after buying an additional 560,655 shares during the quarter. Sony Group accounts for 1.5% of Arnhold LLC's investment portfolio, making the stock its 25th largest holding. Arnhold LLC's holdings in Sony Group were worth $15,202,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its stake in shares of Sony Group by 333.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 61,076 shares of the company's stock worth $1,292,000 after acquiring an additional 46,999 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Sony Group by 437.5% during the 4th quarter. Hancock Whitney Corp now owns 51,688 shares of the company's stock worth $1,094,000 after acquiring an additional 42,072 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Sony Group by 428.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 23,474 shares of the company's stock worth $497,000 after acquiring an additional 19,033 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Sony Group by 307.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 19,867 shares of the company's stock worth $421,000 after acquiring an additional 14,990 shares in the last quarter. Finally, Syon Capital LLC boosted its stake in shares of Sony Group by 468.3% during the 4th quarter. Syon Capital LLC now owns 21,290 shares of the company's stock worth $450,000 after acquiring an additional 17,544 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SONY. 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 lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Trading Up 1.3 %

Shares of SONY stock traded up $0.32 on Monday, reaching $25.29. 8,670,986 shares of the stock were exchanged, compared to its average volume of 4,192,599. The stock has a market cap of $152.95 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. 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 50 day moving average of $24.15 and a two-hundred day moving average of $21.69. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates 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%. On average, research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.

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.