Sony Group Co. (NYSE:SONY) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 380.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,712 shares of the company's stock after purchasing an additional 21,154 shares during the period. Apollon Wealth Management LLC's holdings in Sony Group were worth $565,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SONY. Fiduciary Trust Co lifted its stake in shares of Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock worth $479,000 after acquiring an additional 585 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock worth $447,000 after acquiring an additional 599 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Sony Group by 8.9% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company's stock worth $735,000 after acquiring an additional 619 shares during the period. West Family Investments Inc. lifted its stake in shares of Sony Group by 13.0% in the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock worth $524,000 after acquiring an additional 623 shares during the period. Finally, Waldron Private Wealth LLC lifted its stake in shares of Sony Group by 3.3% in the 3rd quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company's stock worth $1,909,000 after acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Price Performance

Shares of SONY traded up $0.97 during trading hours on Friday, reaching $24.16. The company had a trading volume of 5,032,566 shares, compared to its average volume of 3,630,980. 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 50 day simple moving average of $21.46 and a 200-day simple moving average of $15.28. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $24.25. The company has a market capitalization of $146.08 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Research analysts expect that Sony Group Co. will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

SONY has been the subject of several recent analyst reports. Oppenheimer reduced their target price on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com downgraded shares of Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $24.00.

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.