Cabot Wealth Management Inc. Has $18.05 Million Stake in Sony Group Co. (NYSE:SONY)

Cabot Wealth Management Inc. increased its position in shares of Sony Group Co. (NYSE:SONY) by 414.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 852,913 shares of the company’s stock after purchasing an additional 687,122 shares during the period. Sony Group makes up about 2.3% of Cabot Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding. Cabot Wealth Management Inc.’s holdings in Sony Group were worth $18,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new position in Sony Group in the fourth quarter valued at about $6,125,000. Fifth Third Bancorp lifted its position in Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after purchasing an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC grew its stake in Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after buying an additional 32,725 shares in the last quarter. Finally, One Wealth Advisors LLC increased its holdings in Sony Group by 400.9% in the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock valued at $729,000 after buying an additional 27,593 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Down 0.5 %

SONY opened at $24.81 on Friday. The company has a market cap of $150.01 billion, a P/E ratio of 20.13, a PEG ratio of 9.95 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $21.74 and its 200-day moving average is $15.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.29.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 8.21% and a return on equity of 14.10%. Equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer restated 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. Finally, Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.00.

Sony Group 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.