London Co. of Virginia Increases Stock Position in Sony Group Co. (NYSE:SONY)

London Co. of Virginia raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the company's stock after buying an additional 17,600 shares during the quarter. London Co. of Virginia's holdings in Sony Group were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FCA Corp TX boosted its holdings in shares of Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners lifted its position in 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 acquiring an additional 927 shares in the last quarter. Capital Analysts LLC boosted its stake in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC increased its holdings in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

SONY has been the subject of a number of research reports. StockNews.com upgraded Sony Group from a "hold" rating to a "buy" rating in a report on Wednesday. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. 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. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Group Price Performance

Shares of Sony Group stock traded down $0.20 during trading on Friday, reaching $24.67. 4,068,258 shares of the company's stock were exchanged, compared to its average volume of 4,251,737. The firm's 50-day moving average price is $24.29 and its 200 day moving average price is $22.30. The company has a market cap of $149.18 billion, a P/E ratio of 20.02, 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. Sony Group Co. has a 1-year low of $15.67 and a 1-year high of $26.08.

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

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.