Allianz SE Takes $636,000 Position in Sony Group Co. (NYSE:SONY)

Allianz SE purchased a new position in shares of Sony Group Co. (NYSE:SONY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $636,000.

Several other large investors also recently bought and sold shares of SONY. Primecap Management Co. CA increased its stake in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD increased its position in Sony Group by 358.2% during 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 last quarter. Sei Investments Co. raised its stake in Sony Group by 362.7% during the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after purchasing an additional 2,544,193 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Sony Group by 384.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock valued at $65,323,000 after purchasing an additional 2,452,504 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 2.1 %

Shares of NYSE SONY opened at $25.11 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $23.58 and its two-hundred day moving average is $19.72. 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 $151.83 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer restated 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. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating on the stock. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given 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 target price 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.