Sony Group Co. (NYSE:SONY) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 362.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,245,587 shares of the company's stock after purchasing an additional 2,544,193 shares during the quarter. Sei Investments Co. owned about 0.05% of Sony Group worth $68,677,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. raised its holdings in Sony Group by 446.2% during the fourth quarter. American Century Companies Inc. now owns 1,492,062 shares of the company's stock worth $31,572,000 after purchasing an additional 1,218,892 shares in the last quarter. TD Private Client Wealth LLC increased its position in Sony Group by 534.2% during the 4th quarter. TD Private Client Wealth LLC now owns 71,270 shares of the company's stock worth $1,508,000 after purchasing an additional 60,032 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Sony Group by 254.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 17,188 shares of the company's stock worth $364,000 after purchasing an additional 12,342 shares during the period. HUB Investment Partners LLC purchased a new position in shares of Sony Group during the 4th quarter worth approximately $205,000. Finally, Whittier Trust Co. lifted its holdings in shares of Sony Group by 395.3% in the 4th quarter. Whittier Trust Co. now owns 24,765 shares of the company's stock valued at $524,000 after buying an additional 19,765 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

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Sony Group Price Performance

Shares of SONY stock traded up $0.18 during mid-day trading on Thursday, reaching $25.68. The stock had a trading volume of 5,711,371 shares, compared to its average volume of 3,919,043. The company has a market cap of $155.27 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. 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 Co. has a 12-month low of $15.02 and a 12-month high of $25.78. The business has a 50-day simple moving average of $23.38 and a 200 day simple moving average of $19.30.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results 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 firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate 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 anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SONY shares. Sanford C. Bernstein initiated coverage on Sony Group in a research 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. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday. They set a "buy" rating on the stock. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sony Group currently has an average rating of "Buy" and a consensus price target of $28.00.

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.