Fisher Asset Management LLC Buys 342,025 Shares of Sony Group Co. (NYSE:SONY)

Fisher Asset Management LLC increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,359,171 shares of the company's stock after purchasing an additional 342,025 shares during the quarter. Fisher Asset Management LLC owned about 0.52% of Sony Group worth $602,150,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SONY. Envestnet Asset Management Inc. increased its holdings in Sony Group by 39.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company's stock valued at $87,952,000 after purchasing an additional 299,300 shares during the period. Alberta Investment Management Corp boosted its position in shares of Sony Group by 30.0% in the 3rd quarter. Alberta Investment Management Corp now owns 260,000 shares of the company's stock worth $21,427,000 after purchasing an additional 60,000 shares in the last quarter. Rovida Advisors Inc. bought a new position in Sony Group in the 3rd quarter valued at approximately $4,433,000. SG Americas Securities LLC lifted its position in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company's stock valued at $5,127,000 after acquiring an additional 51,903 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Sony Group during the 3rd quarter valued at $3,494,000. Institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SONY. Macquarie lowered Sony Group from an "outperform" rating to a "neutral" rating in a research note on Thursday, February 15th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Monday, April 8th. TheStreet raised shares of Sony Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 11th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sony Group presently has an average rating of "Moderate Buy" and a consensus target price of $108.00.

Sony Group Stock Up 1.4 %

NYSE:SONY traded up $1.20 during midday trading on Thursday, hitting $84.09. 657,132 shares of the company were exchanged, compared to its average volume of 761,195. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $103.79 billion, a PE ratio of 16.23 and a beta of 0.95. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a fifty day simple moving average of $85.40 and a 200 day simple moving average of $88.82.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.32. The company had revenue of $25.38 billion for the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, equities analysts anticipate that Sony Group Co. will post 5.22 earnings per share for the current fiscal year.

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.