Corient Private Wealth LLC Acquires 209,720 Shares of Sony Group Co. (NYSE:SONY)

Corient Private Wealth LLC boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 367.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,817 shares of the company's stock after acquiring an additional 209,720 shares during the period. Corient Private Wealth LLC's holdings in Sony Group were worth $5,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised its position in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $26,000. Fairscale Capital LLC lifted its stake in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the period. General Partner Inc. boosted its holdings in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after buying an additional 716 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Sony Group Price Performance

Sony Group stock traded down $0.11 during mid-day trading on Tuesday, reaching $25.17. The company had a trading volume of 373,758 shares, compared to its average volume of 3,905,282. The business has a fifty day simple moving average of $23.18 and a 200 day simple moving average of $19.11. The company has a market cap of $152.19 billion, a P/E ratio of 20.43, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. On average, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on SONY. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and a consensus target price of $28.00.

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.