Invesco Ltd. Buys 920,194 Shares of Sony Group Co. (NYSE:SONY)

Invesco Ltd. grew its position in Sony Group Co. (NYSE:SONY) by 344.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,186,971 shares of the company’s stock after purchasing an additional 920,194 shares during the period. Invesco Ltd.’s holdings in Sony Group were worth $25,116,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SONY. Silicon Valley Capital Partners boosted its stake in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group in the fourth quarter worth $26,000. Fairscale Capital LLC lifted its holdings in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. General Partner Inc. boosted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the period. Finally, Accent Capital Management LLC raised its position in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares during the period. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating for the company. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Group Stock Up 2.8 %

Shares of SONY opened at $24.02 on Friday. The firm has a market cap of $145.23 billion, a P/E ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The stock has a 50 day simple moving average of $24.05 and a two-hundred day simple moving average of $21.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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

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.