Wealth Alliance Purchases 51,703 Shares of Sony Group Co. (NYSE:SONY)

Wealth Alliance boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 417.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,076 shares of the company's stock after purchasing an additional 51,703 shares during the quarter. Wealth Alliance's holdings in Sony Group were worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC bought a new stake in shares of Sony Group during the 3rd quarter valued at about $220,000. Blue Trust Inc. boosted its position in shares of Sony Group by 64.4% during the 3rd quarter. Blue Trust Inc. now owns 5,662 shares of the company's stock valued at $547,000 after acquiring an additional 2,217 shares during the last quarter. Raymond James & Associates boosted its position in shares of Sony Group by 4.1% during the 3rd quarter. Raymond James & Associates now owns 286,528 shares of the company's stock valued at $27,670,000 after acquiring an additional 11,268 shares during the last quarter. Signaturefd LLC lifted its position in Sony Group by 6.7% in the 3rd quarter. Signaturefd LLC now owns 27,452 shares of the company's stock worth $2,651,000 after buying an additional 1,726 shares during the last quarter. Finally, Pictet North America Advisors SA lifted its position in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock worth $23,561,000 after buying an additional 39,688 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Trading Down 0.5 %

Sony Group stock traded down $0.12 during trading hours on Friday, reaching $24.81. The company had a trading volume of 5,048,137 shares, compared to its average volume of 3,950,445. 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 50-day moving average price of $21.74 and a 200 day moving average price of $15.86. The firm has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.29.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) 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 firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Equities analysts forecast that Sony Group Co. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SONY shares. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sony Group 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.