Sony Group Co. (NYSE:SONY) Shares Bought by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 406.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,632,987 shares of the company's stock after purchasing an additional 1,310,641 shares during the quarter. Sony Group accounts for about 4.6% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 4th biggest holding. Minneapolis Portfolio Management Group LLC's holdings in Sony Group were worth $34,554,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Silicon Valley Capital Partners lifted its holdings 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 valued at $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. lifted 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 buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC boosted its holdings in shares of Sony Group by 400.0% in the fourth 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. Finally, Hilltop National Bank increased its position in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after acquiring an additional 1,174 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SONY shares. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday. They issued a "buy" rating on the stock. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Group Stock Down 2.1 %

NYSE SONY traded down $0.54 during trading hours on Friday, hitting $25.11. 5,571,122 shares of the company traded hands, compared to its average volume of 3,973,475. 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 business's 50-day moving average is $23.58 and its 200-day moving average is $19.50. The stock has a market capitalization of $151.83 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78.

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