Graham Capital Management L.P. Buys 76,961 Shares of Sony Group Co. (NYSE:SONY)

Graham Capital Management L.P. lifted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 1,752.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,352 shares of the company's stock after buying an additional 76,961 shares during the period. Graham Capital Management L.P.'s holdings in Sony Group were worth $1,721,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in Sony Group by 379.5% during 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 last quarter. Aristotle Capital Management LLC raised its holdings in Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after buying an additional 42,083,842 shares during the period. Fisher Asset Management LLC lifted its position in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after buying an additional 36,783,737 shares during the last quarter. Bank of America Corp DE boosted its stake in Sony Group by 377.7% during 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 during the period. Finally, Fiduciary Management Inc. WI increased its position in Sony Group by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after acquiring an additional 8,157,776 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 0.1%

NYSE:SONY traded up $0.02 during midday trading on Thursday, hitting $24.90. The stock had a trading volume of 13,791,336 shares, compared to its average volume of 4,275,140. The stock has a 50-day moving average of $24.24 and a 200 day moving average of $22.25. The company has a market capitalization of $150.59 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a one year low of $15.67 and a one year high of $26.08. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.09. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SONY shares. The Goldman Sachs Group started coverage on shares of Sony Group in a research note 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. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, StockNews.com upgraded Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.