Sony Group Co. (NYSE:SONY) Stock Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 585.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,781 shares of the company's stock after purchasing an additional 32,272 shares during the period. Tower Research Capital LLC TRC's holdings in Sony Group were worth $799,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of Sony Group in the third quarter worth approximately $2,073,000. Wilmington Savings Fund Society FSB purchased a new stake in Sony Group in the 3rd quarter worth approximately $287,000. Tidal Investments LLC acquired a new stake in shares of Sony Group during the 3rd quarter valued at $244,000. Synovus Financial Corp grew its holdings in shares of Sony Group by 2.4% during the 3rd quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock valued at $4,878,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company's stock worth $913,000 after acquiring an additional 34,533 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of Sony Group stock opened at $24.96 on Friday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The firm has a fifty day simple moving average of $24.15 and a 200-day simple moving average of $21.67. 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 stock has a market capitalization of $150.95 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of recent research reports. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Group Co. (NYSE:SONY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.