Sony Group Co. (NYSE:SONY) Shares Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 110.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,271 shares of the company's stock after purchasing an additional 21,130 shares during the quarter. Nomura Holdings Inc.'s holdings in Sony Group were worth $852,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC grew its position in Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Sony Group in the fourth quarter worth approximately $26,000. Fairscale Capital LLC grew its position in Sony Group by 400.0% in 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 period. Finally, Accent Capital Management LLC grew its position in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Price Performance

SONY stock opened at $25.05 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $151.49 billion, a PE ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 12-month low of $15.67 and a 12-month high of $26.11. The business's fifty day moving average price is $24.35 and its 200 day moving average price is $22.46.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Oppenheimer reiterated 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. The Goldman Sachs Group started coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, StockNews.com upgraded Sony Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average 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.

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