Sony Group Co. (NYSE:SONY) Shares Purchased by Renaissance Group LLC

Renaissance Group LLC increased its position in Sony Group Co. (NYSE:SONY - Free Report) by 456.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,646 shares of the company's stock after buying an additional 275,306 shares during the period. Renaissance Group LLC's holdings in Sony Group were worth $7,102,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners lifted its stake 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 purchasing an additional 927 shares during the period. General Partner Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC boosted its stake in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC grew its holdings in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

SONY has been the topic of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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Sony Group Stock Up 0.1 %

Shares of NYSE:SONY traded up $0.03 during midday trading on Friday, hitting $22.95. 4,791,142 shares of the company's stock traded hands, compared to its average volume of 4,155,889. The firm's fifty day moving average price is $23.94 and its two-hundred day moving average price is $21.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The company has a market cap of $138.81 billion, a PE ratio of 18.63, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last issued 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. On average, equities research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal 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.