Sony Group Co. (NYSE:SONY) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 311.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,702 shares of the company's stock after purchasing an additional 119,362 shares during the period. Fifth Third Bancorp's holdings in Sony Group were worth $3,337,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in Sony Group by 110.6% during the second quarter. Hsbc Holdings PLC now owns 5,088 shares of the company's stock worth $432,000 after buying an additional 53,311 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Sony Group during the 2nd quarter worth $388,000. Creative Planning boosted its position in Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company's stock valued at $24,180,000 after purchasing an additional 7,401 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Sony Group by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company's stock valued at $1,660,000 after purchasing an additional 549 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Sony Group by 20.6% in the second quarter. EP Wealth Advisors LLC now owns 9,315 shares of the company's stock worth $791,000 after purchasing an additional 1,592 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SONY. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer cut their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, TD Cowen dropped their price objective on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. 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 stock. Based on data from MarketBeat, Sony Group currently has an average rating of "Buy" and an average target price of $24.00.

Sony Group Trading Up 3.8 %

Shares of SONY traded up $0.80 during midday trading on Tuesday, hitting $21.80. 4,019,289 shares of the stock were exchanged, compared to its average volume of 3,649,758. 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 firm has a market cap of $131.81 billion, a P/E ratio of 17.84, a P/E/G ratio of 13.02 and a beta of 0.95. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The stock has a fifty day simple moving average of $20.77 and a 200 day simple moving average of $13.55.

Sony Group 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.