Sony Group Co. (NYSE:SONY) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 380.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,278 shares of the company’s stock after purchasing an additional 11,306 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Sony Group were worth $302,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SONY. Apollon Wealth Management LLC boosted its position in Sony Group by 380.6% during the 4th quarter. Apollon Wealth Management LLC now owns 26,712 shares of the company’s stock worth $565,000 after purchasing an additional 21,154 shares during the period. SOA Wealth Advisors LLC. boosted its position in shares of Sony Group by 8,365.8% in the fourth quarter. SOA Wealth Advisors LLC. now owns 3,217 shares of the company’s stock worth $68,000 after buying an additional 3,179 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at about $53,000. Live Oak Private Wealth LLC raised its holdings in shares of Sony Group by 389.6% during the 4th quarter. Live Oak Private Wealth LLC now owns 402,744 shares of the company’s stock valued at $8,522,000 after buying an additional 320,485 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Sony Group by 536.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company’s stock worth $16,988,000 after acquiring an additional 676,701 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on SONY. Oppenheimer lowered 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 report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Trading Down 0.3 %

NYSE:SONY opened at $22.36 on Wednesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $23.05. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $135.23 billion, a PE ratio of 18.30, a P/E/G ratio of 11.46 and a beta of 0.96. The business’s 50 day moving average is $21.33 and its two-hundred day moving average is $14.87.

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.