Sony Group Co. (NYSE:SONY) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 448.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,177 shares of the company's stock after acquiring an additional 283,075 shares during the period. MML Investors Services LLC's holdings in Sony Group were worth $7,325,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SONY. Y.D. More Investments Ltd grew its holdings in shares of Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after purchasing an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new position in shares of Sony Group in the fourth quarter worth $6,125,000. Fifth Third Bancorp increased its position in shares of Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after acquiring an additional 119,362 shares during the period. Forum Financial Management LP raised its stake in shares of Sony Group by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after acquiring an additional 97,130 shares in the last quarter. Finally, West Family Investments Inc. boosted its holdings in Sony Group by 392.9% in the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY traded up $0.36 during midday trading on Tuesday, reaching $25.64. 2,925,750 shares of the stock were exchanged, compared to its average volume of 4,188,845. The business's 50-day moving average price is $24.16 and its 200 day moving average price is $21.73. The company has a market capitalization of $155.04 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.90.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SONY shares. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Finally, StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sony Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.