Wilkinson Global Asset Management LLC Raises Position in Sony Group Co. (NYSE:SONY)

Wilkinson Global Asset Management LLC grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,650 shares of the company's stock after purchasing an additional 10,920 shares during the period. Wilkinson Global Asset Management LLC's holdings in Sony Group were worth $289,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the fourth quarter valued at $26,000. Hilltop National Bank grew its holdings in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock valued at $32,000 after purchasing an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after purchasing an additional 1,204 shares during the period. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SONY shares. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group presently has an average rating of "Buy" and a consensus target price of $28.00.

Sony Group Stock Performance

Shares of NYSE:SONY traded down $0.12 during trading on Friday, hitting $24.81. 5,048,137 shares of the company were exchanged, compared to its average volume of 3,950,445. The company has a market cap of $150.01 billion, a PE ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96. The stock has a 50 day moving average of $21.74 and a 200 day moving average of $15.86. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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%. As a group, equities research analysts predict that Sony Group Co. will post 1.22 EPS for the current year.

Sony Group Company 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.