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

Cabot Wealth Management Inc. increased its stake in shares of Sony Group Co. (NYSE:SONY) by 414.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 852,913 shares of the company’s stock after acquiring an additional 687,122 shares during the period. Sony Group comprises about 2.3% of Cabot Wealth Management Inc.’s portfolio, making the stock its 11th largest position. Cabot Wealth Management Inc.’s holdings in Sony Group were worth $18,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Silicon Valley Capital Partners lifted its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group in the fourth quarter valued at approximately $26,000. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in Sony Group by 400.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,200 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SONY shares. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer reiterated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Performance

Shares of SONY stock opened at $24.81 on Friday. The company has a fifty day moving average price of $21.74 and a two-hundred day moving average price of $15.95. Sony Group Co. has a one year low of $15.02 and a one year high of $25.29. The stock has a market cap of $150.01 billion, a P/E ratio of 20.13, a P/E/G ratio of 9.95 and a beta of 0.96. 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 results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities analysts predict that Sony Group Co. will post 1.23 EPS 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.