Sony Group Co. (NYSE:SONY) Shares Bought by Ethic Inc.

Ethic Inc. raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 451.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 471,697 shares of the company's stock after buying an additional 386,218 shares during the period. Ethic Inc.'s holdings in Sony Group were worth $9,981,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Primecap Management Co. CA increased its position in shares of Sony Group by 379.5% in the fourth 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 grew its holdings in shares of Sony Group by 393.7% during the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after buying an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 425.9% during the fourth 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. Bank of America Corp DE grew its holdings in shares of Sony Group by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in shares of 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 buying an additional 8,157,776 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Trading Up 1.0%

Shares of Sony Group stock traded up $0.25 during mid-day trading on Friday, hitting $24.70. The stock had a trading volume of 3,015,320 shares, 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 price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 12-month low of $15.19 and a 12-month high of $26.08. The firm has a 50-day moving average of $24.22 and a two-hundred day moving average of $22.17. 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 (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

SONY has been the subject of a number of research reports. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Oppenheimer reiterated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. 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.