Fisher Asset Management LLC Has $602.15 Million Position in Sony Group Co. (NYSE:SONY)

Fisher Asset Management LLC increased its position in Sony Group Co. (NYSE:SONY) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,359,171 shares of the company’s stock after buying an additional 342,025 shares during the period. Fisher Asset Management LLC’s holdings in Sony Group were worth $602,150,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SONY. SG Americas Securities LLC grew its stake in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after buying an additional 51,903 shares in the last quarter. Fifth Third Bancorp lifted its stake in Sony Group by 290.8% in the fourth quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after purchasing an additional 32,811 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Sony Group by 103.2% during the fourth quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock valued at $3,616,000 after acquiring an additional 19,395 shares during the last quarter. XY Capital Ltd bought a new position in shares of Sony Group during the third quarter valued at about $876,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Sony Group by 25.3% during the fourth quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock valued at $680,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Stock Performance

NYSE SONY traded up $1.05 during mid-day trading on Thursday, reaching $83.94. 129,471 shares of the stock were exchanged, compared to its average volume of 754,771. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company has a market capitalization of $103.60 billion, a P/E ratio of 16.00 and a beta of 0.95. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The business’s 50 day moving average is $85.48 and its 200-day moving average is $88.86.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, equities research analysts forecast that Sony Group Co. will post 5.22 EPS for the current fiscal year.

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.