Sony Group Co. (NYSE:SONY) Position Raised by First American Trust FSB

First American Trust FSB raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 378.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,080 shares of the company's stock after acquiring an additional 11,136 shares during the period. First American Trust FSB's holdings in Sony Group were worth $298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% during the 4th 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. General Partner Inc. lifted its stake in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% during the 4th 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 period. Finally, Hilltop National Bank lifted its position in Sony Group by 346.3% during the 4th 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. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Sony Group Stock Down 2.1 %

NYSE SONY traded down $0.54 on Friday, hitting $25.11. 5,571,122 shares of the stock traded hands, compared to its average volume of 3,973,475. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $23.58 and a 200 day moving average of $19.61. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The company has a market capitalization of $151.83 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $28.95 billion for 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%. As a group, analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.