Cordatus Wealth Management LLC Grows Position in Sony Group Co. (NYSE:SONY)

Cordatus Wealth Management LLC grew its stake in Sony Group Co. (NYSE:SONY) by 402.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,957 shares of the company’s stock after purchasing an additional 19,192 shares during the period. Cordatus Wealth Management LLC’s holdings in Sony Group were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fiduciary Trust Co raised its stake in shares of Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Sony Group by 14.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after buying an additional 599 shares during the period. West Family Investments Inc. raised its stake in shares of Sony Group by 13.0% during the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after buying an additional 623 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after buying an additional 751 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.8 %

NYSE SONY opened at $24.93 on Friday. The business has a fifty day moving average price of $21.68 and a 200 day moving average price of $15.71. Sony Group Co. has a one year low of $15.02 and a one year high of $24.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market cap of $150.74 billion, a P/E ratio of 20.23, a P/E/G ratio of 9.98 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Research analysts anticipate that Sony Group Co. will post 1.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SONY. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $28.00.

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.