QRG Capital Management Inc. Buys 26,256 Shares of Sony Group Co. (NYSE:SONY)

QRG Capital Management Inc. lifted its stake in Sony Group Co. (NYSE:SONYFree Report) by 61.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,652 shares of the company’s stock after buying an additional 26,256 shares during the period. QRG Capital Management Inc.’s holdings in Sony Group were worth $6,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC bought a new stake in Sony Group during the fourth quarter worth $27,000. Fortitude Family Office LLC bought a new stake in Sony Group during the fourth quarter worth $31,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Sony Group during the fourth quarter worth $34,000. Pinnacle Bancorp Inc. bought a new stake in Sony Group during the fourth quarter worth $39,000. Finally, JFS Wealth Advisors LLC lifted its stake in Sony Group by 24.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 108 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Get Our Latest Analysis on SONY

Sony Group Price Performance

Shares of SONY traded up $0.93 during trading hours on Monday, reaching $76.30. The stock had a trading volume of 826,708 shares, compared to its average volume of 796,694. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.94. The stock has a market capitalization of $94.17 billion, a PE ratio of 14.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company’s 50-day moving average is $84.58 and its two-hundred day moving average is $88.70.

Sony Group (NYSE:SONYGet Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Research analysts expect that Sony Group Co. will post 5.22 EPS for the current year.

Sony Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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