Lighthouse Investment Partners LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Lighthouse Investment Partners LLC increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 236.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,504 shares of the company's stock after purchasing an additional 189,394 shares during the period. Lighthouse Investment Partners LLC's holdings in Sony Group were worth $5,703,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SONY. FCA Corp TX lifted its holdings in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after acquiring an additional 900 shares during the last quarter. Silicon Valley Capital Partners boosted its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares during the period. Capital Analysts LLC grew its stake in shares of Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the last quarter. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares during the period. Finally, Accent Capital Management LLC lifted its stake in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

NYSE:SONY traded down $0.20 during trading hours on Friday, hitting $24.67. 4,068,258 shares of the company were exchanged, compared to its average volume of 4,251,737. Sony Group Co. has a 52-week low of $15.67 and a 52-week high of $26.08. The company's 50 day moving average price is $24.29 and its 200-day moving average price is $22.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $149.18 billion, a price-to-earnings ratio of 20.02, 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 Tuesday, May 13th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $2,995.71 billion. As a group, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

SONY has been the subject of several research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. StockNews.com upgraded Sony Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sony Group currently has an average rating of "Buy" and a consensus target price 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.