3G Capital Partners LP bought a new stake in Sony Group Co. (NYSE:SONY – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 87,500 shares of the company’s stock, valued at approximately $7,932,000. Sony Group makes up 10.3% of 3G Capital Partners LP’s holdings, making the stock its 6th biggest position.
Other hedge funds have also recently modified their holdings of the company. Cetera Advisor Networks LLC increased its holdings in shares of Sony Group by 31.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock worth $442,000 after buying an additional 1,039 shares during the last quarter. BlackRock Inc. increased its position in shares of Sony Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after purchasing an additional 11,272 shares during the last quarter. Cibc World Market Inc. raised its holdings in Sony Group by 4.5% in the 1st quarter. Cibc World Market Inc. now owns 28,862 shares of the company’s stock valued at $2,964,000 after buying an additional 1,237 shares during the period. Cetera Investment Advisers increased its position in shares of Sony Group by 12.8% during the first quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock valued at $643,000 after acquiring an additional 711 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Sony Group by 46.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock valued at $564,000 after acquiring an additional 1,736 shares during the period. Hedge funds and other institutional investors own 8.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on SONY shares. TheStreet lowered Sony Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. The Goldman Sachs Group upgraded shares of Sony Group from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, StockNews.com initiated coverage on shares of Sony Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
View Our Latest Stock Report on SONY
Sony Group Stock Up 1.5 %
Shares of Sony Group stock traded up $1.28 during trading on Monday, hitting $85.50. 243,581 shares of the stock were exchanged, compared to its average volume of 788,641. The stock has a market cap of $105.51 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.04. The firm’s 50-day moving average price is $88.20 and its 200 day moving average price is $90.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.65 and a quick ratio of 0.47. Sony Group Co. has a 12-month low of $61.72 and a 12-month high of $100.94.
Sony Group Company Profile
(Free Report)
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.
See Also
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