Sony Group Co. (NYSE:SONY) Stock Holdings Lifted by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 428.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,474 shares of the company's stock after purchasing an additional 19,033 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Sony Group were worth $497,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd raised its position in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after purchasing an additional 28,852 shares during the period. Bfsg LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at $6,125,000. Fifth Third Bancorp raised its holdings in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Sony Group by 536.0% during the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after purchasing an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in shares of Sony Group by 392.9% during the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after purchasing an additional 21,303 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of research analyst reports. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Stock Down 0.8 %

Sony Group stock traded down $0.20 during trading on Wednesday, reaching $25.03. 3,058,111 shares of the company's stock were exchanged, compared to its average volume of 4,271,820. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $26.08. The firm has a market cap of $151.36 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company's 50-day moving average is $24.21 and its two-hundred day moving average is $21.99.

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, 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 business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

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.