First Trust Bank Ltd. Buys Shares of 13,060 Sony Group Co. (NYSE:SONY)

First Trust Bank Ltd. bought a new stake in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, Holdings Channel reports. The firm bought 13,060 shares of the company’s stock, valued at approximately $1,237,000. Sony Group comprises approximately 1.7% of First Trust Bank Ltd.’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds have also recently added to or reduced their stakes in SONY. CVA Family Office LLC purchased a new position in shares of Sony Group during the fourth quarter valued at $27,000. Fortitude Family Office LLC acquired a new stake in Sony Group during the fourth quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Sony Group during the fourth quarter valued at $34,000. Pinnacle Bancorp Inc. acquired a new stake in Sony Group during the fourth quarter valued at $39,000. Finally, JFS Wealth Advisors LLC boosted its position in Sony Group by 24.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SONY shares. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Price Performance

Shares of SONY stock traded down $0.51 during trading hours on Friday, hitting $80.29. The company had a trading volume of 737,982 shares, compared to its average volume of 841,015. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.94. The firm has a market capitalization of $99.10 billion, a price-to-earnings ratio of 14.85 and a beta of 0.95. The firm’s fifty day moving average is $83.65 and its 200 day moving average is $88.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The company had revenue of $23.45 billion for the quarter, compared to analyst estimates of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period in the prior year, the company posted $0.78 EPS. On average, sell-side analysts predict that Sony Group Co. will post 5.84 EPS for the current fiscal 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.