Sony Group Co. (NYSE:SONY) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC boosted its stake in Sony Group Co. (NYSE:SONY) by 418.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,953 shares of the company’s stock after buying an additional 2,383 shares during the quarter. Colonial Trust Co SC’s holdings in Sony Group were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SONY. Silicon Valley Capital Partners lifted its position in shares of 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 acquiring an additional 927 shares in the last quarter. Capital Analysts LLC lifted its holdings in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the 4th quarter worth $26,000. Fairscale Capital LLC grew its holdings 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. Finally, Accent Capital Management LLC raised its position in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after buying an additional 1,104 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research reports. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer reiterated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Sony Group Price Performance

NYSE:SONY opened at $24.70 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $26.08. The stock’s fifty day moving average is $24.22 and its two-hundred day moving average is $22.11. The company has a market capitalization of $149.38 billion, a P/E ratio of 20.05, a P/E/G ratio of 9.95 and a beta of 0.97. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities analysts expect 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.