American Century Companies Inc. Has $14.98 Million Stake in Sony Group Co. (NYSE:SONY)

American Century Companies Inc. lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 19.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,240 shares of the company’s stock after acquiring an additional 26,622 shares during the period. American Century Companies Inc.’s holdings in Sony Group were worth $14,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Syverson Strege & Co raised its holdings in shares of Sony Group by 31,300.0% during the first quarter. Syverson Strege & Co now owns 314 shares of the company’s stock valued at $28,000 after purchasing an additional 313 shares during the period. Operose Advisors LLC bought a new position in Sony Group in the first quarter worth approximately $28,000. Okabena Investment Services Inc. bought a new stake in shares of Sony Group during the fourth quarter valued at approximately $29,000. JFS Wealth Advisors LLC raised its position in shares of Sony Group by 116.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 422 shares of the company’s stock worth $32,000 after purchasing an additional 227 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Sony Group in the 4th quarter worth $43,000. 8.02% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of NYSE:SONY opened at $85.26 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The stock has a market cap of $105.21 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. The stock’s fifty day simple moving average is $88.74 and its two-hundred day simple moving average is $90.35. Sony Group Co. has a 1-year low of $61.72 and a 1-year high of $100.94.

Wall Street Analyst Weigh In

SONY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Sony Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet lowered shares of Sony Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, StockNews.com started coverage on Sony Group in a research note on Thursday, August 17th. They set a “hold” rating for the company.

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.