Sony Group Co. (NYSE:SONY) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 15.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 497,818 shares of the company's stock after acquiring an additional 66,680 shares during the period. QRG Capital Management Inc.'s holdings in Sony Group were worth $12,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Bfsg LLC acquired a new stake in shares of Sony Group during the 4th quarter worth about $6,125,000. Forum Financial Management LP increased its position in shares of Sony Group by 536.0% during the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after acquiring an additional 97,130 shares during the last quarter. West Family Investments Inc. raised its stake in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after acquiring an additional 21,303 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Sony Group by 435.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock worth $12,323,000 after acquiring an additional 473,700 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its position in shares of Sony Group by 404.1% during the 4th quarter. Sage Rhino Capital LLC now owns 24,829 shares of the company's stock worth $525,000 after purchasing an additional 19,904 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Up 0.7%

Sony Group stock opened at $26.12 on Tuesday. The firm has a market capitalization of $157.93 billion, a P/E ratio of 21.20, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.86 and a twelve month high of $26.95. The stock's fifty day simple moving average is $25.16 and its 200-day simple moving average is $23.48.

Analysts Set New Price Targets

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

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