Sony Group Co. (NYSE:SONY) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 580.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,606 shares of the company's stock after purchasing an additional 49,988 shares during the period. V Square Quantitative Management LLC's holdings in Sony Group were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners lifted 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 acquiring an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group in the fourth quarter valued at $26,000. 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 period. Brown Brothers Harriman & Co. increased its stake in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after purchasing an additional 716 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after purchasing an additional 1,204 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SONY shares. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $24.00.

Sony Group Stock Performance

Shares of Sony Group stock traded up $0.36 on Tuesday, reaching $24.50. 7,069,426 shares of the stock were exchanged, compared to its average volume of 3,949,100. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $24.88. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $15.58. The firm has a market capitalization of $148.14 billion, a PE ratio of 20.05, a PEG ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. As a group, research analysts anticipate that Sony Group Co. will post 1.21 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.