Marks Group Wealth Management Inc Buys 58,800 Shares of Sony Group Co. (NYSE:SONY)

Marks Group Wealth Management Inc grew its position in Sony Group Co. (NYSE:SONY - Free Report) by 341.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,997 shares of the company's stock after purchasing an additional 58,800 shares during the period. Marks Group Wealth Management Inc's holdings in Sony Group were worth $1,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the fourth quarter worth about $26,000. General Partner Inc. grew its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake 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 purchasing an additional 716 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after buying an additional 1,204 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note 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 stock. According to MarketBeat.com, Sony Group presently has an average rating of "Buy" and an average target price of $24.00.

Sony Group Stock Performance

Sony Group stock traded up $0.97 during trading hours on Friday, hitting $24.16. The company had a trading volume of 5,032,566 shares, compared to its average volume of 3,630,980. Sony Group Co. has a one year low of $15.02 and a one year high of $24.25. The firm 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. The firm has a 50-day moving average of $21.46 and a 200 day moving average of $15.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results 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. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, sell-side analysts expect that Sony Group Co. will post 1.21 earnings per share 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.