Sony Group Co. (NYSE:SONY) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Sony Group Co. (NYSE:SONY) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,113 shares of the company’s stock after purchasing an additional 12,627 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Sony Group were worth $10,711,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Sony Group during the third quarter worth $405,000. Richelieu Gestion SA lifted its holdings in shares of Sony Group by 22.5% during the 3rd quarter. Richelieu Gestion SA now owns 3,725 shares of the company’s stock valued at $307,000 after acquiring an additional 683 shares in the last quarter. Caprock Group LLC boosted its position in shares of Sony Group by 2.6% in the third quarter. Caprock Group LLC now owns 18,720 shares of the company’s stock worth $1,543,000 after buying an additional 480 shares during the period. SOL Capital Management CO boosted its holdings in Sony Group by 1.4% in the 3rd quarter. SOL Capital Management CO now owns 16,255 shares of the company’s stock worth $1,340,000 after acquiring an additional 220 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Sony Group by 5.6% in the third quarter. Aaron Wealth Advisors LLC now owns 4,878 shares of the company’s stock valued at $402,000 after purchasing an additional 257 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

NYSE SONY opened at $81.56 on Tuesday. The business’s fifty day moving average is $86.48 and its two-hundred day moving average is $88.96. The stock has a market capitalization of $100.66 billion, a P/E ratio of 15.75 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, research analysts forecast that Sony Group Co. will post 5.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SONY has been the subject of several recent analyst reports. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Oppenheimer restated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Company 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.