Sony Group Co. (NYSE:SONY) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 77.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 315,680 shares of the company’s stock after buying an additional 137,963 shares during the quarter. Natixis Advisors L.P.’s holdings in Sony Group were worth $29,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after buying an additional 51,903 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Sony Group by 290.8% in the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after acquiring an additional 32,811 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Sony Group by 103.2% during the fourth quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock worth $3,616,000 after buying an additional 19,395 shares during the period. XY Capital Ltd purchased a new stake in Sony Group during the third quarter worth about $876,000. Finally, Bleakley Financial Group LLC boosted its position in Sony Group by 25.3% in the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock valued at $680,000 after buying an additional 1,450 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SONY. Oppenheimer restated an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $84.54 on Friday. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The firm has a market cap of $104.34 billion, a PE ratio of 16.32 and a beta of 0.95. The business has a 50 day moving average price of $85.24 and a two-hundred day moving average price of $88.78.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion for the quarter, compared to the consensus estimate of $24.31 billion. Sell-side analysts expect that Sony Group Co. will post 5.22 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.