368,635 Shares in Sony Group Co. (NYSE:SONY) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 368,635 shares of the company's stock, valued at approximately $7,800,000.

Several other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA lifted its position in 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 purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC boosted its position 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 purchasing an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC boosted its position 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 purchasing an additional 36,783,737 shares in the last quarter. Bank of America Corp DE boosted its position 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 in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position 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 purchasing an additional 8,157,776 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 0.9%

Shares of NYSE:SONY traded down $0.25 during midday trading on Friday, reaching $26.37. The company had a trading volume of 6,792,762 shares, compared to its average volume of 4,364,405. Sony Group Co. has a 1-year low of $15.86 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap of $159.48 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a fifty day simple moving average of $24.54 and a two-hundred day simple moving average of $22.81.

Analyst Ratings Changes

Several research firms have weighed in on SONY. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Wall Street Zen lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two investment 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group 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.