Sony Group Co. (NYSE:SONY) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 1,152.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,304 shares of the company's stock after purchasing an additional 25,124 shares during the quarter. Versant Capital Management Inc's holdings in Sony Group were worth $693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its position in shares of Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new position in Sony Group during the fourth quarter worth approximately $6,125,000. Forum Financial Management LP increased its position in Sony Group by 536.0% during the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after buying an additional 97,130 shares during the period. West Family Investments Inc. boosted its holdings in shares of Sony Group by 392.9% in the fourth 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. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Sony Group by 435.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock valued at $12,323,000 after acquiring an additional 473,700 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent research reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, Wall Street Zen cut Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Stock Performance

Sony Group stock traded down $0.25 during trading hours on Friday, reaching $26.37. 6,792,762 shares of the stock were exchanged, compared to its average volume of 4,359,558. Sony Group Co. has a 52-week low of $15.86 and a 52-week high of $26.95. The stock has a market cap of $159.48 billion, a P/E ratio of 21.40, a P/E/G ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm's 50 day moving average is $24.56 and its 200 day moving average is $22.90.

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.