Hancock Whitney Corp Buys 42,072 Shares of Sony Group Co. (NYSE:SONY)

Hancock Whitney Corp lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 437.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,688 shares of the company's stock after purchasing an additional 42,072 shares during the period. Hancock Whitney Corp's holdings in Sony Group were worth $1,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FCA Corp TX raised its holdings in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after acquiring an additional 900 shares during the period. Silicon Valley Capital Partners increased its holdings in Sony Group by 401.3% during the 4th 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. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares during the period. General Partner Inc. lifted its holdings in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Finally, Accent Capital Management LLC boosted its position in shares of Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE SONY traded up $0.32 on Monday, hitting $25.29. 8,670,986 shares of the stock were exchanged, compared to its average volume of 4,192,599. The company has a market capitalization of $152.95 billion, a PE ratio of 20.53, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business's fifty day moving average is $24.16 and its 200 day moving average is $21.73. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last issued 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 net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.