Corient Private Wealth LLC Buys 209,720 Shares of Sony Group Co. (NYSE:SONY)

Corient Private Wealth LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 367.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,817 shares of the company’s stock after acquiring an additional 209,720 shares during the period. Corient Private Wealth LLC’s holdings in Sony Group were worth $5,646,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners increased its position in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the 4th quarter valued at $26,000. Fairscale Capital LLC increased its position in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. General Partner Inc. increased its position in shares of Sony Group by 400.0% during the 4th 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 last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.5 %

Shares of SONY opened at $25.25 on Friday. The business has a 50-day moving average of $23.08 and a 200 day moving average of $18.74. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The firm has a market cap of $152.72 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, research analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com lowered 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 report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

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.