Sony Group Co. (NYSE:SONY) Shares Purchased by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC increased its position in Sony Group Co. (NYSE:SONY - Free Report) by 388.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,120 shares of the company's stock after buying an additional 170,310 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Sony Group were worth $4,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FCA Corp TX lifted its stake in Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after purchasing an additional 900 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in shares of Sony Group by 401.3% in 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 period. Capital Analysts LLC boosted its stake in Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares in the last quarter. Fairscale Capital LLC grew its stake in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC increased its position in shares of Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SONY. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com raised Sony Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $28.00.

Sony Group Stock Performance

NYSE SONY traded up $0.02 on Thursday, hitting $24.90. 13,791,336 shares of the company's stock traded hands, compared to its average volume of 4,275,141. Sony Group Co. has a 1-year low of $15.67 and a 1-year high of $26.08. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average price is $24.24 and its two-hundred day moving average price is $22.25. The firm has a market capitalization of $150.59 billion, a PE ratio of 20.21, a P/E/G ratio of 9.95 and a beta of 0.97.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. The business had revenue of $17.25 billion during the quarter, compared to analysts' expectations of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, analysts expect that Sony Group Co. will post 1.23 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.