Invesco Ltd. Purchases 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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,186,971 shares of the company’s stock after acquiring an additional 920,194 shares during the period. Invesco Ltd.’s holdings in Sony Group were worth $25,116,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SONY. Silicon Valley Capital Partners increased its position in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares during the last quarter. General Partner Inc. increased its holdings in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group in the 4th quarter valued at $26,000. Fairscale Capital LLC lifted its holdings in Sony Group by 400.0% during the 4th 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. Finally, Accent Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after buying an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Up 2.8 %

NYSE:SONY opened at $24.02 on Friday. 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 firm’s fifty day moving average is $24.05 and its 200-day moving average is $21.46. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. 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 (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They issued a “buy” rating for the company. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Two 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.