44 Wealth Management LLC Acquires 12,895 Shares of Sony Group Co. (NYSE:SONY)

44 Wealth Management LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 23.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,537 shares of the company’s stock after purchasing an additional 12,895 shares during the quarter. 44 Wealth Management LLC’s holdings in Sony Group were worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SONY. Fisher Asset Management LLC increased its holdings in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the period. Cardinal Capital Management Inc. increased its stake in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Sony Group in the third quarter valued at approximately $109,462,000. Cambiar Investors LLC raised its position in Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after purchasing an additional 896,013 shares in the last quarter. Finally, Pictet North America Advisors SA lifted its stake in Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after purchasing an additional 813,429 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group currently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Stock Down 0.5 %

Shares of NYSE:SONY opened at $24.81 on Friday. The company has a fifty day moving average of $21.74 and a 200-day moving average of $15.86. The company has a market capitalization of $150.01 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.29.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group 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.