Wells Fargo & Company MN Has $61.23 Million Holdings in Sony Group Co. (NYSE:SONY)

Wells Fargo & Company MN boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 375.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,893,656 shares of the company's stock after acquiring an additional 2,285,637 shares during the period. Wells Fargo & Company MN's holdings in Sony Group were worth $61,230,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SONY. Primecap Management Co. CA increased its position in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC raised its position in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after acquiring an additional 7,925,643 shares during the period. Clearbridge Investments LLC grew its stake in shares of Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock worth $125,477,000 after purchasing an additional 4,703,571 shares during the period. Finally, Sei Investments Co. increased its stake in Sony Group by 362.7% in the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after purchasing an additional 2,544,193 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

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Sony Group Stock Performance

SONY stock traded up $0.53 during trading on Monday, reaching $23.47. 1,251,999 shares of the company's stock were exchanged, compared to its average volume of 4,144,824. The company's fifty day moving average price is $23.94 and its 200-day moving average price is $21.22. The firm has a market cap of $141.94 billion, a PE ratio of 19.05, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on SONY shares. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate 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.