18,388 Shares in Sony Group Co. (NYSE:SONY) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,388 shares of the company's stock, valued at approximately $389,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted 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 acquiring an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC boosted its stake 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 worth $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Sony Group by 425.9% during 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 boosted 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 acquiring an additional 18,821,902 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in shares of Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after acquiring an additional 8,157,776 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Down 1.5%

Shares of SONY traded down $0.41 during mid-day trading on Friday, reaching $26.21. The company's stock had a trading volume of 3,347,198 shares, compared to its average volume of 4,351,720. The business has a fifty day moving average of $24.54 and a 200 day moving average of $22.81. The company has a market cap of $158.53 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1 year low of $15.86 and a 1 year high of $26.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Wall Street Zen lowered Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Oppenheimer restated an "outperform" rating and issued a $33.00 target price (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 stock. According to MarketBeat.com, Sony Group has an average rating of "Moderate Buy" and a consensus 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.