Ellevest Inc. Increases Holdings in Sony Group Co. (NYSE:SONY)

Ellevest Inc. grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 654.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,715 shares of the company's stock after purchasing an additional 62,215 shares during the quarter. Ellevest Inc.'s holdings in Sony Group were worth $1,517,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ethic Inc. increased its holdings in Sony Group by 451.8% in the 4th quarter. Ethic Inc. now owns 471,697 shares of the company's stock worth $9,981,000 after acquiring an additional 386,218 shares during the last quarter. Fiduciary Trust Co increased its holdings in Sony Group by 488.7% in the 4th quarter. Fiduciary Trust Co now owns 29,227 shares of the company's stock worth $618,000 after acquiring an additional 24,262 shares during the last quarter. Deutsche Bank AG increased its holdings in Sony Group by 370.9% in the 4th quarter. Deutsche Bank AG now owns 11,585 shares of the company's stock worth $245,000 after acquiring an additional 9,125 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in Sony Group by 402.9% in the 4th quarter. Eagle Global Advisors LLC now owns 333,745 shares of the company's stock worth $7,062,000 after acquiring an additional 267,382 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Sony Group by 429.8% in the 4th quarter. EP Wealth Advisors LLC now owns 48,873 shares of the company's stock worth $1,034,000 after acquiring an additional 39,648 shares during the last quarter. 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 several recent research reports. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Price Performance

Shares of SONY traded up $0.25 during trading hours on Friday, reaching $24.70. 3,015,320 shares of the company's stock traded hands, compared to its average volume of 4,216,193. The stock has a market cap of $149.38 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm's 50 day simple moving average is $24.22 and its 200-day simple moving average is $22.17. Sony Group Co. has a 12 month low of $15.19 and a 12 month high of $26.08.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Equities analysts expect that Sony Group Co. will post 1.23 EPS 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.