Thornburg Investment Management Inc. Grows Position in Sony Group Co. (NYSE:SONY)

Thornburg Investment Management Inc. lifted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 212.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 964,557 shares of the company's stock after buying an additional 655,463 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Sony Group were worth $20,410,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA lifted its stake 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 worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Aristotle Capital Management LLC boosted its stake in shares of Sony Group by 393.7% during the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after buying an additional 36,783,737 shares during the period. Bank of America Corp DE raised its stake in Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after buying an additional 8,157,776 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Down 3.4%

Shares of Sony Group stock traded down $0.89 during trading on Wednesday, reaching $24.91. The company's stock had a trading volume of 5,082,687 shares, compared to its average volume of 4,278,605. Sony Group Co. has a 1-year low of $15.67 and a 1-year high of $26.08. The company has a 50-day simple moving average of $24.40 and a two-hundred day simple moving average of $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. The company has a market cap of $150.65 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 9.95 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SONY shares. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com raised Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "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.