Itau Unibanco Holding S.A. Grows Stock Position in Sony Group Co. (NYSE:SONY)

Itau Unibanco Holding S.A. increased its position in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,080 shares of the company’s stock after purchasing an additional 21,664 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Sony Group were worth $574,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SONY. FCA Corp TX grew its holdings in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners boosted 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 acquiring an additional 927 shares during the last quarter. Capital Analysts LLC grew its stake in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. Fairscale Capital LLC raised its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, General Partner Inc. lifted its stake in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 2.8 %

Shares of SONY opened at $25.26 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $152.77 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company’s 50-day moving average price is $24.21 and its 200 day moving average price is $21.83. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $26.08.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 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 firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

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

About Sony Group

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.