Sony Group Co. (NYSE:SONY) Stake Boosted by Alkeon Capital Management LLC

Alkeon Capital Management LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,000 shares of the company's stock after buying an additional 220,000 shares during the period. Alkeon Capital Management LLC's holdings in Sony Group were worth $5,819,000 at the end of the most recent reporting period.

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

Sony Group Trading Up 0.1 %

Shares of NYSE:SONY opened at $25.31 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $26.08. The firm has a fifty day moving average price of $24.21 and a 200 day moving average price of $21.88. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $153.07 billion, a PE ratio of 20.54, a P/E/G ratio of 9.95 and a beta of 0.94.

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 analysts' consensus estimates 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%. Analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SONY shares. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer restated 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. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Two 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.