Sony Group Co. (NYSE:SONY) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 176.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,838 shares of the company's stock after purchasing an additional 13,312 shares during the quarter. XTX Topco Ltd's holdings in Sony Group were worth $441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners raised its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group in the fourth quarter valued at about $26,000. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the period. General Partner Inc. lifted its position in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after acquiring an additional 996 shares in the last quarter. Finally, Accent Capital Management LLC boosted 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 worth $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Stock Performance

NYSE:SONY traded down $0.16 during trading hours on Friday, reaching $24.96. 2,602,143 shares of the stock were exchanged, compared to its average volume of 4,161,141. The firm has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $21.61. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The stock has a market capitalization of $150.95 billion, a P/E ratio of 20.26, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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