Whittier Trust Co. of Nevada Inc. Acquires 12,342 Shares of Sony Group Co. (NYSE:SONY)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 254.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,188 shares of the company's stock after acquiring an additional 12,342 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Sony Group were worth $364,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Silicon Valley Capital Partners boosted its position in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. lifted its stake in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC boosted its holdings in shares of Sony Group by 400.0% in 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 during the period. Finally, Hilltop National Bank increased its position in shares of Sony Group by 346.3% in the fourth 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 owned by institutional investors.

Sony Group Stock Up 0.9 %

Shares of NYSE:SONY traded up $0.24 during trading on Wednesday, reaching $25.50. 4,885,704 shares of the company traded hands, compared to its average volume of 3,911,117. The firm has a fifty day simple moving average of $23.38 and a 200 day simple moving average of $19.30. 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 Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The firm has a market cap of $154.19 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

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Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SONY. The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday. They issued a "buy" rating for the company. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average 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.