Whittier Trust Co. Increases Holdings in Sony Group Co. (NYSE:SONY)

Whittier Trust Co. grew its holdings in Sony Group Co. (NYSE:SONY) by 395.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,765 shares of the company’s stock after buying an additional 19,765 shares during the quarter. Whittier Trust Co.’s holdings in Sony Group were worth $524,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners lifted its stake in 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 acquiring an additional 927 shares during the period. General Partner Inc. lifted its position in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group during the 4th quarter valued at about $26,000. Fairscale Capital LLC increased its position in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after buying an additional 992 shares during the period. Finally, Hilltop National Bank raised its stake in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,174 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of NYSE SONY opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a 50 day simple moving average of $23.08 and a two-hundred day simple moving average of $18.85. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The company has a market capitalization of $152.72 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last posted its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $24.32 billion. Analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of several research reports. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $28.00.

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.