Sony Group Co. (NYSE:SONY) Stake Lifted by Theleme Partners LLP

Theleme Partners LLP boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 925,000 shares of the company's stock after buying an additional 740,000 shares during the period. Sony Group makes up 1.3% of Theleme Partners LLP's holdings, making the stock its 10th biggest holding. Theleme Partners LLP's holdings in Sony Group were worth $19,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd increased its stake in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after purchasing an additional 28,852 shares in the last quarter. Bfsg LLC bought a new stake in Sony Group in the fourth quarter valued at $6,125,000. Fifth Third Bancorp grew its holdings in shares of Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after buying an additional 119,362 shares during the last quarter. Forum Financial Management LP grew its holdings 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 buying an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. grew its holdings in shares of Sony Group by 392.9% during the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after buying an additional 21,303 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer reiterated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Finally, StockNews.com upgraded shares of Sony Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Stock Down 3.4%

Sony Group stock traded down $0.89 during midday trading on Wednesday, hitting $24.91. 5,082,687 shares of the stock were exchanged, compared to its average volume of 4,278,605. Sony Group Co. has a 52-week low of $15.67 and a 52-week high of $26.08. The stock has a market capitalization of $150.65 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The business's 50-day moving average price is $24.40 and its 200-day moving average price is $22.49. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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.