Capital World Investors Has $84.38 Million Stake in Sony Group Co. (NYSE:SONY)

Capital World Investors boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 409.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,987,531 shares of the company's stock after buying an additional 3,204,684 shares during the period. Capital World Investors owned approximately 0.07% of Sony Group worth $84,379,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its stake in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after buying an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group in the 4th quarter valued at approximately $6,125,000. Fifth Third Bancorp boosted its stake in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of Sony Group by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after purchasing an additional 97,130 shares in the last quarter. Finally, West Family Investments Inc. boosted its stake in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Down 0.6 %

Sony Group stock traded down $0.16 during mid-day trading on Friday, hitting $24.96. 2,602,143 shares of the stock were exchanged, compared to its average volume of 4,174,612. 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 12 month low of $15.02 and a 12 month high of $25.78. The firm's fifty day simple moving average is $24.15 and its two-hundred day simple moving average is $21.69. The stock has a market capitalization of $150.95 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SONY. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. 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 company's stock. Based on data from MarketBeat, Sony Group has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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.