Timber Creek Capital Management LLC Acquires 171,204 Shares of Sony Group Co. (NYSE:SONY)

Timber Creek Capital Management LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,922 shares of the company's stock after buying an additional 171,204 shares during the quarter. Timber Creek Capital Management LLC's holdings in Sony Group were worth $4,527,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SONY. Stratos Wealth Advisors LLC bought a new position in Sony Group in the third quarter valued at approximately $220,000. Blue Trust Inc. boosted its position 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 purchasing an additional 2,217 shares during the last quarter. Raymond James & Associates grew its stake in shares of Sony Group by 4.1% during the third quarter. Raymond James & Associates now owns 286,528 shares of the company's stock worth $27,670,000 after purchasing an additional 11,268 shares during the period. Signaturefd LLC increased its holdings in Sony Group by 6.7% in the third quarter. Signaturefd LLC now owns 27,452 shares of the company's stock valued at $2,651,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in Sony Group by 3.3% in the third quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company's stock valued at $1,909,000 after purchasing an additional 629 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Down 0.5 %

Shares of SONY traded down $0.12 during mid-day trading on Friday, hitting $24.81. 5,048,137 shares of the company's stock were exchanged, compared to its average volume of 3,950,445. The company has a 50-day simple moving average of $21.68 and a 200 day simple moving average of $15.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $150.01 billion, a PE ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SONY. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Oppenheimer reissued an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Four investment 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 company currently has a consensus rating of "Buy" and a consensus target price of $28.00.

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.