9,730 Shares in Sony Group Co. (NYSE:SONY) Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,730 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also bought and sold shares of SONY. Hexagon Capital Partners LLC lifted its stake in shares of Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares in the last quarter. General Partner Inc. raised 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 valued at $26,000 after acquiring an additional 996 shares during the period. Brown Brothers Harriman & Co. boosted its holdings 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 acquiring an additional 716 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Hilltop National Bank raised its stake in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

SONY stock opened at $20.64 on Monday. The firm has a 50 day simple moving average of $20.45 and a two-hundred day simple moving average of $12.69. 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 stock has a market cap of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71.

Analysts Set New Price Targets

Several research analysts have commented on SONY shares. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday. They issued an “outperform” rating for the company. Oppenheimer decreased their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TD Cowen reduced their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus 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.