Wealth Enhancement Advisory Services LLC Has $2.14 Million Stake in Sony Group Co. (NYSE:SONY)

Wealth Enhancement Advisory Services LLC raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 427.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 101,311 shares of the company's stock after buying an additional 82,097 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Sony Group were worth $2,144,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA lifted its stake in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC lifted its stake in shares of Sony Group by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Bank of America Corp DE lifted its stake in shares of Sony Group by 377.7% in the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Sony Group by 377.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after purchasing an additional 8,157,776 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Wall Street Zen downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Trading Up 1.4%

Sony Group stock traded up $0.37 during mid-day trading on Friday, hitting $26.70. 2,952,342 shares of the company's stock were exchanged, compared to its average volume of 4,367,703. The firm has a market capitalization of $161.47 billion, a P/E ratio of 21.67, a PEG ratio of 9.95 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.86 and a fifty-two week high of $26.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company's 50 day simple moving average is $24.69 and its 200-day simple moving average is $23.14.

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.