TD Private Client Wealth LLC Buys 60,032 Shares of Sony Group Co. (NYSE:SONY)

TD Private Client Wealth LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 534.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,270 shares of the company's stock after acquiring an additional 60,032 shares during the quarter. TD Private Client Wealth LLC's holdings in Sony Group were worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its position in Sony Group by 254.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 17,188 shares of the company's stock valued at $364,000 after buying an additional 12,342 shares in the last quarter. HUB Investment Partners LLC bought a new position in shares of Sony Group in the fourth quarter valued at approximately $205,000. Whittier Trust Co. boosted its holdings in shares of Sony Group by 395.3% in the 4th quarter. Whittier Trust Co. now owns 24,765 shares of the company's stock worth $524,000 after acquiring an additional 19,765 shares in the last quarter. OLD Point Trust & Financial Services N A grew its position in Sony Group by 400.0% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 4,400 shares of the company's stock worth $93,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Blueshift Asset Management LLC increased its holdings in Sony Group by 83.4% during the 4th quarter. Blueshift Asset Management LLC now owns 50,363 shares of the company's stock valued at $1,066,000 after purchasing an additional 22,895 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

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Sony Group Trading Down 0.3 %

Shares of SONY traded down $0.08 during trading hours on Tuesday, hitting $25.20. 1,832,301 shares of the stock traded hands, compared to its average volume of 4,877,110. The business has a fifty day moving average of $23.18 and a 200-day moving average of $19.11. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $152.37 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64.

Sony Group (NYSE:SONY - Get Free Report) last issued 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 net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SONY. The Goldman Sachs Group began coverage on Sony Group in a research note on Tuesday. They issued a "buy" rating on the stock. Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and an average price target of $28.00.

About Sony Group

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.