Sony Group Co. (NYSE:SONY) Shares Acquired by Foresight Global Investors Inc.

Foresight Global Investors Inc. grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 382.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,119,165 shares of the company's stock after purchasing an additional 887,121 shares during the quarter. Sony Group comprises approximately 17.3% of Foresight Global Investors Inc.'s portfolio, making the stock its 2nd largest holding. Foresight Global Investors Inc.'s holdings in Sony Group were worth $23,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company's stock worth $61,579,000 after buying an additional 2,974 shares during the last quarter. Drive Wealth Management LLC purchased a new position in shares of Sony Group during the 3rd quarter worth $201,000. Pathstone Holdings LLC boosted its position in shares of Sony Group by 1.8% during the 3rd quarter. Pathstone Holdings LLC now owns 57,661 shares of the company's stock valued at $5,568,000 after acquiring an additional 1,045 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of Sony Group in the third quarter valued at about $208,000. Finally, West Family Investments Inc. increased its position in Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock worth $524,000 after purchasing an additional 623 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Sony Group Trading Up 1.5 %

Shares of NYSE:SONY traded up $0.36 during mid-day trading on Friday, reaching $25.25. 24,505,021 shares of the company were exchanged, compared to its average volume of 3,866,277. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm's 50-day simple moving average is $23.08 and its 200 day simple moving average is $18.85. The firm has a market cap of $152.72 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SONY shares. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (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, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.