Foyston Gordon & Payne Inc Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

Foyston Gordon & Payne Inc raised its stake in Sony Group Co. (NYSE:SONY - Free Report) by 397.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,289 shares of the company's stock after acquiring an additional 72,142 shares during the period. Foyston Gordon & Payne Inc's holdings in Sony Group were worth $1,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SONY. 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 worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group in the 4th quarter worth about $26,000. Fairscale Capital LLC increased its holdings in shares of Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC increased its holdings in shares of Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sony Group Trading Up 0.1%

NYSE:SONY traded up $0.02 during mid-day trading on Monday, hitting $24.72. 7,754,585 shares of the stock traded hands, compared to its average volume of 4,230,367. The stock has a market capitalization of $149.52 billion, a price-to-earnings ratio of 20.07, 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. Sony Group Co. has a 52 week low of $15.19 and a 52 week high of $26.08. The firm's 50 day moving average is $24.23 and its two-hundred day moving average is $22.22.

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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

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.