Sony Group Co. (NYSE:SONY) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 377.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,804,970 shares of the company's stock after acquiring an additional 18,821,902 shares during the period. Bank of America Corp DE owned approximately 0.39% of Sony Group worth $503,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Primecap Management Co. CA lifted its position in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after buying an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC boosted its position in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in Sony Group by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after acquiring an additional 8,157,776 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its holdings in Sony Group by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

Shares of SONY stock traded up $0.25 during trading hours on Friday, hitting $24.70. 3,015,320 shares of the company's stock were exchanged, compared to its average volume of 4,216,193. The firm has a market cap of $149.38 billion, a P/E ratio of 20.05, a P/E/G ratio of 9.95 and a beta of 0.97. The firm has a 50 day moving average of $24.22 and a two-hundred day moving average of $22.14. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a fifty-two week low of $15.19 and a fifty-two week high of $26.08.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on SONY. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sony Group currently has an average rating of "Moderate 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.