Guggenheim Capital LLC Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

Guggenheim Capital LLC increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 351.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,460 shares of the company's stock after purchasing an additional 37,737 shares during the period. Guggenheim Capital LLC's holdings in Sony Group were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. XTX Topco Ltd increased its position in shares of Sony Group by 176.9% in the fourth quarter. XTX Topco Ltd now owns 20,838 shares of the company's stock worth $441,000 after purchasing an additional 13,312 shares during the last quarter. Harber Asset Management LLC boosted its stake in Sony Group by 469.5% in the fourth quarter. Harber Asset Management LLC now owns 411,091 shares of the company's stock worth $8,699,000 after buying an additional 338,906 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Sony Group by 430.7% in the fourth quarter. CreativeOne Wealth LLC now owns 11,033 shares of the company's stock worth $233,000 after buying an additional 8,954 shares in the last quarter. Mariner LLC boosted its stake in Sony Group by 413.5% in the fourth quarter. Mariner LLC now owns 343,138 shares of the company's stock worth $7,261,000 after buying an additional 276,316 shares in the last quarter. Finally, Barclays PLC boosted its stake in Sony Group by 2,071.0% in the fourth quarter. Barclays PLC now owns 72,510 shares of the company's stock worth $1,535,000 after buying an additional 69,170 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SONY has been the subject of several research reports. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group started coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Trading Up 1.3 %

Shares of NYSE:SONY traded up $0.32 during trading on Monday, reaching $25.29. 8,670,986 shares of the company traded hands, compared to its average volume of 4,192,599. The firm has a market capitalization of $152.95 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business's fifty day moving average is $24.16 and its 200-day moving average is $21.73.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. As a group, analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Sony Group 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.