Laird Norton Wetherby Wealth Management LLC Has $4.53 Million Holdings in Sony Group Co. (NYSE:SONY)

Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Sony Group Co. (NYSE:SONY) by 388.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 214,120 shares of the company’s stock after buying an additional 170,310 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Sony Group were worth $4,531,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC increased its position in shares of Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter valued at $26,000. Fairscale Capital LLC lifted its position in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the period. Finally, Accent Capital Management LLC lifted its position in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

SONY has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group Stock Up 1.0%

NYSE SONY opened at $24.70 on Monday. The stock’s 50 day simple moving average is $24.22 and its 200 day simple moving average is $22.17. Sony Group Co. has a one year low of $15.19 and a one year high of $26.08. The firm has a market cap of $149.38 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last posted 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.