Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in Sony Group Co. (NYSE:SONY)

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 307.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,867 shares of the company's stock after acquiring an additional 14,990 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Sony Group were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SONY. FCA Corp TX grew its stake in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. Fairscale Capital LLC raised its position in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares in the last quarter. General Partner Inc. lifted its stake in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC boosted its holdings in Sony Group by 400.0% in 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 in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

Sony Group stock traded down $0.74 during midday trading on Thursday, reaching $25.26. The company's stock had a trading volume of 7,460,871 shares, compared to its average volume of 4,245,812. The firm has a market capitalization of $152.77 billion, a PE ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $26.16. The stock's 50 day simple moving average is $24.21 and its 200 day simple moving average is $21.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share 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 company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, equities research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

SONY has been the subject of several recent analyst reports. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. 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 MarketBeat, the company has a consensus rating of "Moderate 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.