EP Wealth Advisors LLC Increases Position in Sony Group Co. (NYSE:SONY)

EP Wealth Advisors LLC lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 429.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,873 shares of the company's stock after acquiring an additional 39,648 shares during the quarter. EP Wealth Advisors LLC's holdings in Sony Group were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Primecap Management Co. CA raised its stake 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 purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC raised its position in Sony Group by 393.7% in the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after acquiring an additional 42,083,842 shares during the period. Fisher Asset Management LLC boosted its stake in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 worth $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its holdings in shares of Sony Group by 377.2% in the 4th 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 currently owned by institutional investors.

Sony Group Stock Up 1.0 %

Shares of SONY opened at $24.70 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1 year low of $15.19 and a 1 year high of $26.08. The stock has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $22.14. 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.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share 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%. On average, analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. 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. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Two investment 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 company. According to MarketBeat, Sony Group presently has a consensus rating of "Moderate Buy" and an average 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.

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