NFJ Investment Group LLC Buys 8,176 Shares of Sony Group Co. (NYSE:SONY)

NFJ Investment Group LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 70.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,820 shares of the company’s stock after acquiring an additional 8,176 shares during the period. NFJ Investment Group LLC’s holdings in Sony Group were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA raised its stake in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after buying an additional 7,925,643 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company’s stock valued at $151,119,000 after acquiring an additional 5,718,378 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in Sony Group by 389.3% during the 4th quarter. Gabelli Funds LLC now owns 6,369,581 shares of the company’s stock worth $134,780,000 after acquiring an additional 5,067,835 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $24.02 on Friday. The stock has a market cap of $145.23 billion, a P/E ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a fifty day moving average price of $24.01 and a two-hundred day moving average price of $21.42. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research note 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. Finally, The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They set a “buy” rating on the stock. Two 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.