CapWealth Advisors LLC lifted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 413.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 522,675 shares of the company's stock after buying an additional 420,903 shares during the period. CapWealth Advisors LLC's holdings in Sony Group were worth $11,060,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SONY. Creative Planning raised its stake in shares of Sony Group by 6.6% in the 3rd quarter. Creative Planning now owns 303,295 shares of the company's stock valued at $29,289,000 after buying an additional 18,659 shares in the last quarter. Ellsworth Advisors LLC raised its position in Sony Group by 6.8% in the third quarter. Ellsworth Advisors LLC now owns 17,769 shares of the company's stock worth $1,716,000 after purchasing an additional 1,135 shares in the last quarter. Stonegate Investment Group LLC bought a new position in Sony Group during the third quarter worth about $251,000. Aaron Wealth Advisors LLC boosted its holdings in Sony Group by 26.8% during the third quarter. Aaron Wealth Advisors LLC now owns 8,362 shares of the company's stock valued at $808,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Sony Group in the 3rd quarter valued at approximately $220,000. 14.05% of the stock is owned by institutional investors and hedge funds.
Sony Group Price Performance
SONY traded up $0.22 during trading on Wednesday, hitting $24.74. The company's stock had a trading volume of 4,014,314 shares, compared to its average volume of 3,951,227. The firm's 50 day moving average price is $21.63 and its two-hundred day moving average price is $15.64. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $149.59 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 9.75 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $24.88.
Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts forecast that Sony Group Co. will post 1.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer cut their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $24.00.
Check Out Our Latest Stock Report on Sony Group
Sony Group Profile
(
Free Report)
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.
Further Reading

Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.