Sony Group Co. (NYSE:SONY) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 490.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 503,961 shares of the company's stock after buying an additional 418,549 shares during the period. Quantinno Capital Management LP's holdings in Sony Group were worth $10,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its holdings in Sony Group by 110.4% during the fourth quarter. Nomura Holdings Inc. now owns 40,271 shares of the company's stock worth $852,000 after purchasing an additional 21,130 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Sony Group by 464.3% during the fourth quarter. Nuveen Asset Management LLC now owns 42,653 shares of the company's stock worth $903,000 after purchasing an additional 35,095 shares in the last quarter. NorthRock Partners LLC bought a new stake in Sony Group during the fourth quarter worth approximately $272,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sony Group by 155.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Sony Group by 407.6% during the fourth quarter. Lazard Asset Management LLC now owns 604,314 shares of the company's stock worth $12,787,000 after purchasing an additional 485,260 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

NYSE SONY opened at $24.85 on Thursday. The stock has a market capitalization of $150.28 billion, a P/E ratio of 20.17, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1 year low of $15.67 and a 1 year high of $26.08. The business's fifty day moving average is $24.24 and its two-hundred day moving average is $22.25. 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 announced its earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com raised Sony Group from a "hold" rating to a "buy" rating in a report on Wednesday. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. One investment 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 company. According to data from MarketBeat.com, Sony Group presently has an average rating of "Buy" and an average price target of $28.00.

About Sony Group

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.

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