Sony Group Co. (NYSE:SONY) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Sony Group Co. (NYSE:SONY) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,375 shares of the company’s stock after purchasing an additional 18,597 shares during the period. American Century Companies Inc.’s holdings in Sony Group were worth $21,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SONY. Fisher Asset Management LLC grew its holdings in Sony Group by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after buying an additional 341,566 shares in the last quarter. Mondrian Investment Partners LTD grew its stake in shares of Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares in the last quarter. Harding Loevner LP increased its holdings in shares of Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after purchasing an additional 2,181,169 shares during the period. Clearbridge Investments LLC raised its stake in shares of Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after purchasing an additional 18,487 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after purchasing an additional 277,537 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

SONY has been the topic of a number of recent analyst reports. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $93.24 on Friday. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $91.05 and a two-hundred day moving average of $86.47. The company has a market capitalization of $115.08 billion, a price-to-earnings ratio of 17.14 and a beta of 0.95.

Shares of Sony Group are going to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. As a group, analysts expect that Sony Group Co. will post 5.63 earnings per share for the current fiscal year.

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.