Sony Group Co. (NYSE:SONY) Shares Acquired by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 400.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,922 shares of the company’s stock after buying an additional 171,204 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Sony Group were worth $4,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Trust Co grew its position in shares of Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after buying an additional 599 shares in the last quarter. West Family Investments Inc. grew its position in shares of Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after buying an additional 623 shares in the last quarter. Waldron Private Wealth LLC grew its position in shares of Sony Group by 3.3% during the third quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company’s stock worth $1,909,000 after buying an additional 629 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.50 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $24.88. The stock has a 50 day moving average of $21.58 and a two-hundred day moving average of $15.58. The stock has a market cap of $148.14 billion, a P/E ratio of 19.88, a P/E/G ratio of 9.75 and a beta of 0.96.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping 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 business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.00.

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.