Whittier Trust Co. Has $524,000 Position in Sony Group Co. (NYSE:SONY)

Whittier Trust Co. boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 395.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,765 shares of the company's stock after purchasing an additional 19,765 shares during the period. Whittier Trust Co.'s holdings in Sony Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A boosted its holdings in shares of Sony Group by 400.0% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 4,400 shares of the company's stock valued at $93,000 after buying an additional 3,520 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in Sony Group by 83.4% in the fourth quarter. Blueshift Asset Management LLC now owns 50,363 shares of the company's stock valued at $1,066,000 after acquiring an additional 22,895 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Sony Group in the 4th quarter valued at about $44,000. Chesapeake Capital Corp IL increased its stake in shares of Sony Group by 333.8% during the 4th quarter. Chesapeake Capital Corp IL now owns 10,976 shares of the company's stock worth $232,000 after purchasing an additional 8,446 shares during the last quarter. Finally, Foresight Global Investors Inc. raised its holdings in shares of Sony Group by 382.3% in the 4th quarter. Foresight Global Investors Inc. now owns 1,119,165 shares of the company's stock valued at $23,682,000 after purchasing an additional 887,121 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Sony Group Stock Performance

NYSE:SONY traded up $0.18 during mid-day trading on Thursday, hitting $25.68. 5,711,371 shares of the stock were exchanged, compared to its average volume of 3,919,043. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm's 50-day simple moving average is $23.38 and its 200 day simple moving average is $19.30. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The stock has a market capitalization of $155.27 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

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 net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, equities analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday. They set a "buy" rating on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sony Group has a consensus rating of "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.