Sony Group Co. (NYSE:SONY) Stake Boosted by BKM Wealth Management LLC

BKM Wealth Management LLC lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 405.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,034 shares of the company’s stock after buying an additional 32,111 shares during the period. BKM Wealth Management LLC’s holdings in Sony Group were worth $847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its position in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after purchasing an additional 28,852 shares during the period. Pictet North America Advisors SA raised its stake in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares during the period. Fifth Third Bancorp raised its stake in Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after purchasing an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after purchasing an additional 32,725 shares during the period. Finally, One Wealth Advisors LLC raised its stake in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock valued at $729,000 after purchasing an additional 27,593 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on SONY. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer cut their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Four 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 MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Up 4.2 %

NYSE SONY opened at $24.16 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a 50-day simple moving average of $21.52 and a 200 day simple moving average of $15.43. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $24.25. The stock has a market cap of $146.08 billion, a PE ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. On average, research analysts forecast that Sony Group Co. will post 1.21 EPS for the current 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.