Fifth Third Bancorp Buys 7,601 Shares of Sony Group Co. (NYSE:SONY)

Fifth Third Bancorp lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,303 shares of the company’s stock after acquiring an additional 7,601 shares during the quarter. Fifth Third Bancorp’s holdings in Sony Group were worth $4,197,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Capital Analysts LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the period. Accent Capital Management LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares during the period. City Holding Co. bought a new stake in Sony Group during the 1st quarter valued at approximately $30,000. Finally, Paradigm Asset Management Co. LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 1.9%

Shares of Sony Group stock opened at $25.90 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12 month low of $15.86 and a 12 month high of $26.95. The business has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $23.38. The stock has a market cap of $156.64 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96.

Analysts Set New Price Targets

SONY has been the subject of several recent analyst reports. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wall Street Zen downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group started coverage on Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.