Eagle Global Advisors LLC Buys 267,382 Shares of Sony Group Co. (NYSE:SONY)

Eagle Global Advisors LLC grew its stake in Sony Group Co. (NYSE:SONY - Free Report) by 402.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,745 shares of the company's stock after purchasing an additional 267,382 shares during the quarter. Eagle Global Advisors LLC's holdings in Sony Group were worth $7,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Primecap Management Co. CA grew its holdings 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 worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Aristotle Capital Management LLC boosted its holdings 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 buying an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC increased 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 acquiring an additional 36,783,737 shares in the last quarter. Bank of America Corp DE lifted its position in Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI grew its holdings in Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after purchasing an additional 8,157,776 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SONY has been the subject of a number of analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Trading Down 0.1 %

Shares of Sony Group stock opened at $25.22 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $152.49 billion, a PE ratio of 20.47, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $26.08. The company's fifty day simple moving average is $24.21 and its 200-day simple moving average is $21.99.

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

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.

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