Sony Group Co. (NYSE:SONY) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,080 shares of the company's stock after purchasing an additional 21,664 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Sony Group were worth $574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC lifted its holdings in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the period. Finally, General Partner Inc. boosted its position in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Price Performance

NYSE:SONY opened at $25.26 on Friday. The stock has a market capitalization of $152.77 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $26.08. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $24.21 and its 200-day moving average price is $21.83.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS 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. As a group, equities analysts expect that Sony Group Co. will post 1.23 EPS 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.

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