Natixis Advisors LLC Buys 1,853,871 Shares of Sony Group Co. (NYSE:SONY)

Natixis Advisors LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 525.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,206,912 shares of the company’s stock after purchasing an additional 1,853,871 shares during the quarter. Natixis Advisors LLC’s holdings in Sony Group were worth $46,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SONY. Mizuho Markets Americas LLC bought a new stake in shares of Sony Group during the 3rd quarter valued at $324,000. Chesapeake Capital Corp IL bought a new stake in shares of Sony Group during the 3rd quarter valued at $244,000. Thrivent Financial for Lutherans raised its stake in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after purchasing an additional 2,974 shares during the period. Aljian Capital Management LLC bought a new stake in shares of Sony Group during the 3rd quarter valued at $302,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Sony Group during the 3rd quarter valued at $201,000. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of Sony Group stock opened at $24.11 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $145.78 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business’s 50-day moving average price is $22.67 and its 200-day moving average price is $18.22. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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%. Sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SONY shares. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer restated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price 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.