Whipplewood Advisors LLC Makes New $42,000 Investment in Sony Group Co. (NYSE:SONY)

Whipplewood Advisors LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,969 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC grew its stake in shares of Sony Group by 382.0% during the 4th quarter. NewEdge Wealth LLC now owns 102,499 shares of the company’s stock worth $2,169,000 after purchasing an additional 81,235 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Sony Group by 404.5% during the 4th quarter. Checchi Capital Advisers LLC now owns 28,086 shares of the company’s stock worth $594,000 after purchasing an additional 22,519 shares during the period. Bryn Mawr Capital Management LLC grew its stake in shares of Sony Group by 389.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 11,191 shares of the company’s stock worth $237,000 after purchasing an additional 8,905 shares during the period. Argonautica Private Wealth Management Inc. grew its stake in shares of Sony Group by 401.3% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 16,404 shares of the company’s stock worth $347,000 after purchasing an additional 13,132 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in shares of Sony Group by 480.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 47,479 shares of the company’s stock worth $1,005,000 after purchasing an additional 39,294 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Sony Group stock opened at $25.05 on Friday. The company’s fifty day moving average price is $22.13 and its 200 day moving average price is $16.61. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64. The stock has a market capitalization of $151.49 billion, a P/E ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.96. 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 (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. As a group, equities research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

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.