Sony Group Co. (NYSE:SONY) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 446.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,492,062 shares of the company’s stock after purchasing an additional 1,218,892 shares during the quarter. American Century Companies Inc.’s holdings in Sony Group were worth $31,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SONY. Primecap Management Co. CA grew its holdings in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after buying an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC increased 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 valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD raised its stake in shares of Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Sony Group by 384.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock worth $65,323,000 after purchasing an additional 2,452,504 shares during the period. Finally, Natixis Advisors LLC grew its position in Sony Group by 525.1% in the 4th quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock valued at $46,698,000 after buying an additional 1,853,871 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on SONY. Oppenheimer restated an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday. They issued a “buy” rating for the company. One equities research analyst has 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 data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

NYSE SONY opened at $25.11 on Friday. The stock has a market capitalization of $151.83 billion, a P/E ratio of 20.38, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The business’s fifty day moving average is $23.58 and its two-hundred day moving average is $19.50. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating 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 business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.