American Century Companies Inc. Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

American Century Companies Inc. increased its holdings in Sony Group Co. (NYSE:SONY) by 446.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,492,062 shares of the company’s stock after buying an additional 1,218,892 shares during the period. American Century Companies Inc.’s holdings in Sony Group were worth $31,572,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its position in shares of Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC purchased a new position in Sony Group during the fourth quarter worth $6,125,000. Fifth Third Bancorp raised its holdings 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 acquiring an additional 119,362 shares during the last quarter. West Family Investments Inc. lifted its position in shares of Sony Group by 392.9% in the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock valued at $566,000 after acquiring an additional 21,303 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after acquiring an additional 32,725 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the subject of several analyst reports. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday. They issued a “buy” rating for the company. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, 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. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Trading Down 2.1 %

SONY stock opened at $25.11 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The company has a market cap of $151.83 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. 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 $23.58 and a 200-day simple moving average of $19.50.

Sony Group (NYSE:SONY) last released its quarterly earnings data 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, 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.