Sony Group Co. (NYSE:SONY) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in Sony Group Co. (NYSE:SONY) by 362.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,245,587 shares of the company’s stock after purchasing an additional 2,544,193 shares during the quarter. Sei Investments Co. owned about 0.05% of Sony Group worth $68,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted 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 worth $25,000 after purchasing an additional 927 shares during the last quarter. General Partner Inc. lifted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the fourth quarter worth $26,000. Fairscale Capital LLC grew its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after buying an additional 992 shares in the last quarter. Finally, Hilltop National Bank increased its stake in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $25.25 on Monday. The company has a market capitalization of $152.72 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64. The business has a 50-day moving average price of $23.08 and a 200 day moving average price of $18.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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

Analyst Ratings Changes

SONY has been the topic of several recent research reports. Oppenheimer reissued 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. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus target price 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.