Integrated Advisors Network LLC Acquires 17,599 Shares of Sony Group Co. (NYSE:SONY)

Integrated Advisors Network LLC increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 364.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,432 shares of the company's stock after purchasing an additional 17,599 shares during the quarter. Integrated Advisors Network LLC's holdings in Sony Group were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Primecap Management Co. CA increased its position in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC increased 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 valued at $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC raised its holdings in 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 during the last quarter. Bank of America Corp DE increased its holdings 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 worth $503,713,000 after purchasing an additional 18,821,902 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in 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. Institutional investors own 14.05% of the company's stock.

Sony Group Trading Down 0.9%

Shares of SONY traded down $0.25 during mid-day trading on Friday, hitting $26.37. 6,792,762 shares of the company's stock traded hands, compared to its average volume of 4,364,405. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $24.54 and its 200-day moving average price is $22.81. The firm has a market capitalization of $159.48 billion, a P/E ratio of 21.40, a PEG 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SONY. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, Wall Street Zen lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.