Mercer Global Advisors Inc. ADV Purchases 33,044 Shares of Sony Group Co. (NYSE:SONY)

Mercer Global Advisors Inc. ADV increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,987 shares of the company's stock after purchasing an additional 33,044 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Sony Group were worth $5,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SONY. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group in the 4th quarter worth approximately $26,000. Fairscale Capital LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the period. Finally, Accent Capital Management LLC grew its holdings in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of NYSE:SONY traded down $0.25 on Wednesday, hitting $24.98. 4,843,681 shares of the company were exchanged, compared to its average volume of 4,276,708. 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 company's 50 day moving average price is $24.21 and its two-hundred day moving average price is $22.02. Sony Group Co. has a one year low of $15.02 and a one year high of $26.08. The firm has a market capitalization of $151.05 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 9.95 and a beta of 0.97.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of analyst reports. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Oppenheimer reissued 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. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report 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. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sony Group has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.