Sony Group Co. (NYSE:SONY) Shares Purchased by Intrust Bank NA

Intrust Bank NA raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 431.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,301 shares of the company’s stock after buying an additional 47,324 shares during the period. Intrust Bank NA’s holdings in Sony Group were worth $1,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the 4th quarter valued at approximately $26,000. Fairscale Capital LLC grew 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 worth $26,000 after buying an additional 992 shares in the last quarter. General Partner Inc. increased its stake 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 worth $26,000 after buying an additional 996 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its holdings in Sony Group by 400.0% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SONY shares. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating for the company. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $25.11 on Friday. The company has a market cap of $151.83 billion, a PE ratio of 20.38, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The firm has a 50-day simple moving average of $23.58 and a 200 day simple moving average of $19.61. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during 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, sell-side analysts anticipate 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.