First American Trust FSB Buys 11,136 Shares of Sony Group Co. (NYSE:SONY)

First American Trust FSB increased its stake in shares of Sony Group Co. (NYSE:SONY) by 378.3% in the fourth quarter, HoldingsChannel reports. The firm owned 14,080 shares of the company’s stock after buying an additional 11,136 shares during the period. First American Trust FSB’s holdings in Sony Group were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners increased its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% during the 4th 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. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the 4th quarter valued at about $26,000. Fairscale Capital LLC raised its stake in Sony Group by 400.0% in 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 last quarter. Finally, Hilltop National Bank boosted its holdings 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 acquiring an additional 1,174 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

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

Sony Group Stock Performance

Shares of NYSE SONY opened at $25.24 on Wednesday. The company has a 50 day simple moving average of $23.28 and a two-hundred day simple moving average of $19.26. The stock has a market cap of $152.64 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 9.95 and a beta of 0.91. 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 Co. has a 12 month low of $15.02 and a 12 month high of $25.64.

Sony Group (NYSE:SONY) last posted its quarterly 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 for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

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.