West Family Investments Inc. Raises Position in Sony Group Co. (NYSE:SONY)

West Family Investments Inc. raised its stake in Sony Group Co. (NYSE:SONY - Free Report) by 392.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,725 shares of the company's stock after purchasing an additional 21,303 shares during the period. West Family Investments Inc.'s holdings in Sony Group were worth $566,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SONY. Y.D. More Investments Ltd raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after buying an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group during the 4th quarter worth about $6,125,000. Fifth Third Bancorp increased its position in shares of Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after acquiring an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC grew its holdings in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock worth $729,000 after acquiring an additional 27,593 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

SONY stock traded down $0.28 during midday trading on Friday, reaching $24.13. 3,617,070 shares of the company were exchanged, compared to its average volume of 3,647,513. The business has a 50-day moving average price of $22.45 and a two-hundred day moving average price of $17.43. The firm has a market capitalization of $145.90 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SONY. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.