Sony Group Co. (NYSE:SONY) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 435.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 582,400 shares of the company's stock after acquiring an additional 473,700 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Sony Group were worth $12,323,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SONY. FCA Corp TX grew its stake in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners raised its position 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 acquiring an additional 927 shares in the last quarter. Fairscale Capital LLC lifted its stake in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the last quarter. 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. Finally, Accent Capital Management LLC raised its holdings in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Down 1.2 %

SONY stock opened at $23.73 on Tuesday. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. 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 company has a fifty day moving average of $24.08 and a 200-day moving average of $21.52. The stock has a market capitalization of $143.51 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SONY. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Two 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. According to data from MarketBeat, Sony Group currently has an average rating of "Moderate Buy" and a consensus target price 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.

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