Welch Group LLC Grows Position in Sony Group Co. (NYSE:SONY)

Welch Group LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 405.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,265 shares of the company’s stock after buying an additional 20,265 shares during the quarter. Welch Group LLC’s holdings in Sony Group were worth $536,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Pictet North America Advisors SA increased its holdings in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after purchasing an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after acquiring an additional 32,725 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after purchasing an additional 29,165 shares in the last quarter. Finally, Blue Square Asset Management LLC lifted its holdings in Sony Group by 416.0% in the 4th quarter. Blue Square Asset Management LLC now owns 145,614 shares of the company’s stock worth $3,081,000 after purchasing an additional 117,392 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SONY. Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Trading Down 0.5 %

NYSE SONY opened at $21.90 on Tuesday. The business’s fifty day moving average is $21.01 and its 200 day moving average is $14.07. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. 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 $132.41 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 10.96 and a beta of 0.95.

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.