Sony Group Co. (NYSE:SONY) Shares Bought by Wedmont Private Capital

Wedmont Private Capital boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,108 shares of the company’s stock after buying an additional 555 shares during the quarter. Wedmont Private Capital’s holdings in Sony Group were worth $409,000 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 stock. Primecap Management Co. CA grew its position in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after buying an additional 80,724,932 shares during the period. Aristotle Capital Management LLC grew its position in Sony Group by 393.7% during the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock worth $1,116,653,000 after buying an additional 42,083,842 shares during the period. Fisher Asset Management LLC grew its position in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares during the period. Bank of America Corp DE grew its position in Sony Group by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI grew its position in Sony Group by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after buying an additional 8,157,776 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on SONY. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Wall Street Zen lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Group Stock Down 1.4%

SONY stock opened at $26.21 on Wednesday. The company’s 50 day simple moving average is $24.78 and its 200-day simple moving average is $23.27. The firm has a market capitalization of $158.49 billion, a PE ratio of 21.27, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.86 and a 12 month high of $26.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.