Bryn Mawr Capital Management LLC Has $1.26 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Bryn Mawr Capital Management LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 2,503.5% in the 4th quarter, HoldingsChannel reports. The fund owned 59,516 shares of the company’s stock after acquiring an additional 57,230 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Sony Group were worth $1,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners grew its stake in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares during the last quarter. General Partner Inc. lifted its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group in the 4th quarter valued at about $26,000. Hilltop National Bank increased its stake in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after acquiring an additional 1,204 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Stock Up 0.8 %

Shares of NYSE:SONY opened at $24.93 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $24.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business’s 50-day moving average is $21.68 and its 200-day moving average is $15.71. The company has a market capitalization of $150.74 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 9.90 and a beta of 0.96.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts predict that Sony Group Co. will post 1.22 earnings per share for the current year.

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.