Blue Trust Inc. Has $348,000 Position in Sony Group Co. (NYSE:SONY)

Blue Trust Inc. raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 190.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,431 shares of the company's stock after buying an additional 10,769 shares during the period. Blue Trust Inc.'s holdings in Sony Group were worth $348,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd grew its holdings in Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after acquiring an additional 28,852 shares during the last quarter. Pictet North America Advisors SA grew its stake in shares of Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock valued at $23,561,000 after purchasing an additional 39,688 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after purchasing an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its holdings in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock worth $729,000 after buying an additional 27,593 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research reports. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Oppenheimer reiterated 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. Finally, StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Group Stock Down 0.5 %

SONY stock traded down $0.12 during mid-day trading on Friday, hitting $24.81. 5,048,123 shares of the company were exchanged, compared to its average volume of 3,950,432. The firm's 50 day simple moving average is $21.68 and its 200 day simple moving average is $15.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.29. The firm has a market cap of $150.01 billion, a P/E ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, sell-side analysts predict that Sony Group Co. will post 1.22 EPS for the current fiscal year.

Sony Group 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.