Sony Group Co. (NYSE:SONY) Stock Holdings Increased by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 406.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,632,987 shares of the company’s stock after acquiring an additional 1,310,641 shares during the period. Sony Group makes up approximately 4.6% of Minneapolis Portfolio Management Group LLC’s holdings, making the stock its 4th biggest holding. Minneapolis Portfolio Management Group LLC’s holdings in Sony Group were worth $34,554,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Angeles Investment Advisors LLC raised its holdings in Sony Group by 391.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 35,608 shares of the company’s stock valued at $753,000 after buying an additional 28,362 shares during the period. Congress Wealth Management LLC DE raised its holdings in Sony Group by 443.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 58,705 shares of the company’s stock valued at $1,242,000 after buying an additional 47,893 shares during the period. FCA Corp TX raised its holdings in Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after buying an additional 900 shares during the period. LPL Financial LLC raised its holdings in Sony Group by 487.0% during the 4th quarter. LPL Financial LLC now owns 745,474 shares of the company’s stock valued at $15,774,000 after buying an additional 618,484 shares during the period. Finally, Sei Investments Co. raised its holdings in Sony Group by 362.7% during the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after buying an additional 2,544,193 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of Sony Group stock opened at $25.25 on Monday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. 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 stock’s fifty day moving average is $23.08 and its two-hundred day moving average is $18.95. The company has a market capitalization of $152.72 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (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 business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. As a group, analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “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.