BKM Wealth Management LLC Buys 32,111 Shares of Sony Group Co. (NYSE:SONY)

BKM Wealth Management LLC raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 405.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,034 shares of the company's stock after acquiring an additional 32,111 shares during the period. BKM Wealth Management LLC's holdings in Sony Group were worth $847,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Sony Group by 6.6% in the 3rd quarter. Creative Planning now owns 303,295 shares of the company's stock worth $29,289,000 after buying an additional 18,659 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of Sony Group in the 3rd quarter worth approximately $220,000. Blue Trust Inc. raised its holdings in shares of Sony Group by 64.4% in the 3rd quarter. Blue Trust Inc. now owns 5,662 shares of the company's stock worth $547,000 after buying an additional 2,217 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Sony Group by 4.1% in the 3rd quarter. Raymond James & Associates now owns 286,528 shares of the company's stock worth $27,670,000 after buying an additional 11,268 shares in the last quarter. Finally, Barden Capital Management Inc. raised its holdings in shares of Sony Group by 11.0% in the 3rd quarter. Barden Capital Management Inc. now owns 16,924 shares of the company's stock worth $1,634,000 after buying an additional 1,672 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, StockNews.com cut 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 data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Price Performance

SONY stock traded down $0.12 during midday trading on Friday, reaching $24.81. 5,048,137 shares of the company's stock traded hands, compared to its average volume of 3,950,445. The company has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $15.86. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.29. The company has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 9.98 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, analysts anticipate that Sony Group Co. will post 1.22 earnings per share for the current year.

Sony Group Company 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.