Sony Group Co. (NYSE:SONY) Shares Purchased by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A raised its stake in Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,400 shares of the company’s stock after acquiring an additional 3,520 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Sony Group were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Fiduciary Trust Co boosted its stake in shares of Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after purchasing an additional 585 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the period. Brown Brothers Harriman & Co. boosted its position in Sony Group by 106.2% during 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 last quarter. Coldstream Capital Management Inc. grew its stake in Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after acquiring an additional 751 shares during the period. Finally, Silicon Valley Capital Partners raised its holdings 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 during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 1.8 %

Shares of SONY opened at $24.96 on Thursday. The stock’s fifty day simple moving average is $22.90 and its 200 day simple moving average is $18.55. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. 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 firm has a market capitalization of $150.92 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

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

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.