Nuveen Asset Management LLC Acquires 35,095 Shares of Sony Group Co. (NYSE:SONY)

Nuveen Asset Management LLC raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 464.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,653 shares of the company's stock after acquiring an additional 35,095 shares during the period. Nuveen Asset Management LLC's holdings in Sony Group were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SONY. Silicon Valley Capital Partners increased its position in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Sony Group in the 4th quarter worth approximately $26,000. Fairscale Capital LLC boosted its position in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sony Group Trading Up 1.4%

Shares of SONY traded up $0.37 during midday trading on Friday, hitting $26.70. The stock had a trading volume of 2,952,335 shares, compared to its average volume of 4,362,999. The firm has a market cap of $161.47 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 1 year low of $15.86 and a 1 year high of $26.95. The stock's 50 day moving average is $24.66 and its 200 day moving average is $23.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.