30,000 Shares in Sony Group Co. (NYSE:SONY) Purchased by Allianz SE

Allianz SE purchased a new position in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $636,000.

Other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC grew its position in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $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 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. Sei Investments Co. lifted its holdings in shares of Sony Group by 362.7% in 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. Finally, Thrivent Financial for Lutherans boosted its stake in shares of 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 buying an additional 2,452,504 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 2.1 %

Shares of SONY stock opened at $25.11 on Monday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a market cap of $151.83 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a 50 day simple moving average of $23.58 and a 200-day simple moving average of $19.72.

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

Analyst Ratings Changes

A number of research analysts have issued reports on SONY shares. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a “buy” rating for the company. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group 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.