Sony Group Co. (NYSE:SONY) Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 399.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,535 shares of the company's stock after purchasing an additional 36,419 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in Sony Group were worth $964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA lifted its stake 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 valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC increased its holdings 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 valued at $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Sony Group by 358.2% in the fourth 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. Envestnet Asset Management Inc. grew its position in shares of Sony Group by 401.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock valued at $151,119,000 after purchasing an additional 5,718,378 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Sony Group by 389.3% during the 4th quarter. Gabelli Funds LLC now owns 6,369,581 shares of the company's stock worth $134,780,000 after purchasing an additional 5,067,835 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY traded up $0.66 during trading on Friday, reaching $24.02. 4,549,476 shares of the company were exchanged, compared to its average volume of 4,163,112. The firm has a 50 day moving average of $24.01 and a 200 day moving average of $21.42. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The stock has a market cap of $145.23 billion, a P/E ratio of 19.49, a PEG ratio of 9.95 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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