17,403 Shares in Sony Group Co. (NYSE:SONY) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,403 shares of the company's stock, valued at approximately $368,000.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Sony Group by 334.9% during the fourth quarter. Captrust Financial Advisors now owns 153,480 shares of the company's stock valued at $3,248,000 after buying an additional 118,188 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Sony Group in the 4th quarter worth approximately $389,000. Baird Financial Group Inc. purchased a new stake in Sony Group in the 4th quarter worth $206,000. Bayesian Capital Management LP purchased a new stake in Sony Group during the fourth quarter valued at approximately $855,000. Finally, Beverly Hills Private Wealth LLC grew its stake in Sony Group by 440.7% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 39,118 shares of the company's stock worth $828,000 after purchasing an additional 31,883 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Performance

Sony Group stock traded up $0.01 during trading on Monday, hitting $24.71. The stock had a trading volume of 2,431,317 shares, compared to its average volume of 4,209,792. Sony Group Co. has a 1 year low of $15.19 and a 1 year high of $26.08. The stock has a market cap of $149.41 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average is $24.22 and its two-hundred day moving average is $22.17.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SONY. The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two research analysts have 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 MarketBeat, the stock 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.