Sony Group Co. (NYSE:SONY) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 415.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,510 shares of the company's stock after purchasing an additional 17,340 shares during the period. Benjamin Edwards Inc.'s holdings in Sony Group were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd grew its holdings in Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after buying an additional 28,852 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group during the fourth quarter valued at $6,125,000. Fifth Third Bancorp raised its stake in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after purchasing an additional 119,362 shares during the last quarter. Forum Financial Management LP lifted its holdings in Sony Group by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after purchasing an additional 97,130 shares in the last quarter. Finally, West Family Investments Inc. boosted its stake in shares of Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after purchasing an additional 21,303 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

SONY has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, 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. Two equities research 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. Based on data from MarketBeat, Sony Group presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Trading Up 1.0 %

SONY stock opened at $24.70 on Friday. Sony Group Co. has a 52 week low of $15.19 and a 52 week high of $26.08. The company has a market cap of $149.38 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 9.95 and a beta of 0.97. 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 business has a fifty day simple moving average of $24.22 and a 200-day simple moving average of $22.14.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current 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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