44 Wealth Management LLC Has $1.43 Million Holdings in Sony Group Co. (NYSE:SONY)

44 Wealth Management LLC grew its stake in Sony Group Co. (NYSE:SONY) by 23.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,537 shares of the company’s stock after buying an additional 12,895 shares during the quarter. 44 Wealth Management LLC’s holdings in Sony Group were worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Sony Group by 4.1% during the third quarter. Raymond James & Associates now owns 286,528 shares of the company’s stock worth $27,670,000 after purchasing an additional 11,268 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Sony Group during the third quarter worth $1,418,000. Mediolanum International Funds Ltd acquired a new position in Sony Group during the third quarter worth $109,462,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Sony Group by 68.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after purchasing an additional 7,781 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Sony Group by 348.5% during the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after purchasing an additional 14,930 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sony Group Stock Performance

SONY opened at $24.81 on Friday. 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 Co. has a 12-month low of $15.02 and a 12-month high of $25.29. The business has a 50 day moving average of $21.74 and a 200-day moving average of $15.86. The stock has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 9.95 and a beta of 0.96.

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

Sony Group Company 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.