Wedmont Private Capital Increases Holdings in Sony Group Co. (NYSE:SONY)

Wedmont Private Capital increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 462.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,553 shares of the company's stock after acquiring an additional 12,786 shares during the quarter. Wedmont Private Capital's holdings in Sony Group were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mediolanum International Funds Ltd purchased a new position in shares of Sony Group in the third quarter worth about $109,462,000. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after acquiring an additional 972,075 shares in the last quarter. Marshall Wace LLP grew its position in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock valued at $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Sony Group by 601.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company's stock valued at $24,850,000 after purchasing an additional 220,628 shares during the period. Finally, Alight Capital Management LP bought a new position in Sony Group in the 2nd quarter worth about $12,742,000. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Trading Up 1.5 %

Sony Group stock traded up $0.31 during mid-day trading on Friday, hitting $20.64. The company's stock had a trading volume of 2,991,076 shares, compared to its average volume of 3,433,235. The business has a 50 day moving average price of $20.43 and a 200-day moving average price of $12.44. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The stock has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday. They set an "outperform" rating for the company. Finally, Oppenheimer cut their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $24.00.

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.