Envestnet Portfolio Solutions Inc. Buys 132,061 Shares of Sony Group Co. (NYSE:SONY)

Envestnet Portfolio Solutions Inc. raised its position in shares of Sony Group Co. (NYSE:SONY) by 394.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,528 shares of the company’s stock after acquiring an additional 132,061 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Sony Group were worth $3,503,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its holdings in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the period. Natixis Advisors LLC grew its holdings in Sony Group by 525.1% in the fourth quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock worth $46,698,000 after purchasing an additional 1,853,871 shares during the period. Raymond James Financial Inc. bought a new position in shares of Sony Group during the fourth quarter valued at approximately $36,964,000. Finally, Cardinal Capital Management Inc. lifted its holdings in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of SONY opened at $24.96 on Thursday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a market capitalization of $150.92 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The firm has a 50 day moving average of $22.90 and a 200 day moving average of $18.55. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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

Analyst Upgrades and Downgrades

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