Sony Group Co. (NYSE:SONY) Stake Boosted by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 389.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,191 shares of the company’s stock after purchasing an additional 8,905 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Sony Group were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SONY. Y.D. More Investments Ltd lifted its stake in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after buying an additional 28,852 shares during the last quarter. Bfsg LLC bought a new stake in Sony Group in the fourth quarter valued at $6,125,000. Fifth Third Bancorp lifted its stake in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after buying an additional 119,362 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its stake in Sony Group by 430.0% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after buying an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its stake in Sony Group by 400.9% in the fourth quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock valued at $729,000 after buying an additional 27,593 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SONY. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $25.04 on Friday. The firm’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $16.46. The stock has a market cap of $151.40 billion, a P/E ratio of 20.32, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

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.