Private Trust Co. NA Has $77,000 Position in Sony Group Co. (NYSE:SONY)

Private Trust Co. NA grew its stake in shares of Sony Group Co. (NYSE:SONY) by 474.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,655 shares of the company’s stock after purchasing an additional 3,019 shares during the period. Private Trust Co. NA’s holdings in Sony Group were worth $77,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SONY. Parkside Financial Bank & Trust increased its stake in Sony Group by 1,612.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,832 shares of the company’s stock valued at $39,000 after acquiring an additional 1,725 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Sony Group by 563.4% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 28,425 shares of the company’s stock valued at $601,000 after acquiring an additional 24,140 shares during the period. QRG Capital Management Inc. increased its stake in Sony Group by 485.3% in the fourth quarter. QRG Capital Management Inc. now owns 431,138 shares of the company’s stock valued at $9,123,000 after acquiring an additional 357,475 shares during the period. Proficio Capital Partners LLC bought a new stake in Sony Group in the fourth quarter valued at about $329,000. Finally, Oppenheimer & Co. Inc. increased its stake in Sony Group by 411.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 239,888 shares of the company’s stock valued at $5,076,000 after acquiring an additional 192,940 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Price Performance

Shares of Sony Group stock opened at $24.33 on Thursday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The firm’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $17.14. The stock has a market capitalization of $147.11 billion, a price-to-earnings ratio of 19.74, a P/E/G 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.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, equities analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.