Wilmington Savings Fund Society FSB Boosts Stock Holdings in Sony Group Co. (NYSE:SONY)

Wilmington Savings Fund Society FSB raised its holdings in Sony Group Co. (NYSE:SONY) by 380.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,278 shares of the company’s stock after purchasing an additional 11,306 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Sony Group were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its holdings in 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 during the period. Cardinal Capital Management Inc. boosted its position in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Sony Group during the 3rd quarter worth $109,462,000. Manning & Napier Advisors LLC increased its holdings in shares of Sony Group by 356.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after purchasing an additional 756,705 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Sony Group by 536.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company’s stock valued at $16,988,000 after purchasing an additional 676,701 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Sony Group stock opened at $22.36 on Wednesday. The stock has a market capitalization of $135.23 billion, a P/E ratio of 18.30, a P/E/G ratio of 11.46 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $23.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm’s 50-day moving average is $21.33 and its two-hundred day moving average is $14.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer cut their price target on 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 analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.