Vontobel Holding Ltd. Purchases 66,212 Shares of Sony Group Co. (NYSE:SONY)

Vontobel Holding Ltd. raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 258.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,818 shares of the company's stock after buying an additional 66,212 shares during the quarter. Vontobel Holding Ltd.'s holdings in Sony Group were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Silicon Valley Capital Partners grew its holdings in 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 buying an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the 4th quarter valued at approximately $26,000. General Partner Inc. grew its holdings in shares of 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. increased its position in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after purchasing an additional 716 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

SONY has been the subject of a number of recent research reports. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Group Trading Down 0.5 %

Shares of Sony Group stock traded down $0.12 during trading on Friday, hitting $24.81. The stock had a trading volume of 5,048,137 shares, compared to its average volume of 3,950,445. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.29. 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 firm's fifty day simple moving average is $21.74 and its 200-day simple moving average is $15.86. The stock has a market cap of $150.01 billion, a PE ratio of 20.13, a PEG ratio of 9.98 and a beta of 0.96.

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 for the quarter, topping 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 firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. As a group, sell-side analysts expect that Sony Group Co. will post 1.22 EPS for the current fiscal 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.