Sony Group Co. (NYSE:SONY) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 404.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,765,343 shares of the company's stock after buying an additional 2,217,167 shares during the quarter. Dimensional Fund Advisors LP's holdings in Sony Group were worth $58,515,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Sony Group during the 3rd quarter worth $2,073,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sony Group in the third quarter worth $287,000. Tidal Investments LLC acquired a new stake in shares of Sony Group during the third quarter valued at $244,000. Synovus Financial Corp boosted its position in Sony Group by 2.4% during the third quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock worth $4,878,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company's stock worth $913,000 after purchasing an additional 34,533 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Two 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Stock Up 0.1 %

SONY stock traded up $0.03 during mid-day trading on Friday, hitting $25.31. 6,863,657 shares of the company were exchanged, compared to its average volume of 4,264,568. The company has a market capitalization of $153.07 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The firm has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $21.90. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $26.08.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.