Sony Group Co. (NYSE:SONY) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC grew its position in Sony Group Co. (NYSE:SONY) by 863.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,269 shares of the company’s stock after purchasing an additional 91,655 shares during the quarter. WCM Investment Management LLC’s holdings in Sony Group were worth $2,169,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. General Partner Inc. raised its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares in the last quarter. Hilltop National Bank raised its position in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after purchasing an additional 1,204 shares during the last quarter. Rise Advisors LLC boosted its holdings in Sony Group by 399.1% in the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company’s stock valued at $38,000 after purchasing an additional 1,448 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SONY. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer decreased their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Down 0.7 %

SONY stock opened at $22.41 on Tuesday. The stock has a market capitalization of $135.50 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. The company has a fifty day moving average of $21.30 and a 200-day moving average of $14.74. 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 one year low of $15.02 and a one year high of $23.05.

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.