Sony Group Co. (NYSE:SONY) Stock Holdings Lifted by Intrust Bank NA

Intrust Bank NA boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,882 shares of the company’s stock after buying an additional 308 shares during the period. Intrust Bank NA’s holdings in Sony Group were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SONY. CVA Family Office LLC purchased a new position in shares of Sony Group during the 4th quarter valued at $27,000. Fortitude Family Office LLC acquired a new position in Sony Group in the 4th quarter worth about $31,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Sony Group during the 4th quarter worth about $39,000. NBC Securities Inc. acquired a new stake in shares of Sony Group during the 3rd quarter valued at about $51,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Sony Group in the 3rd quarter valued at approximately $73,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

Shares of SONY traded up $0.04 during trading hours on Tuesday, reaching $83.03. The stock had a trading volume of 25,126 shares, compared to its average volume of 761,415. The company’s 50-day moving average is $85.58 and its two-hundred day moving average is $88.88. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The stock has a market capitalization of $102.48 billion, a PE ratio of 16.02 and a beta of 0.98.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The business had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Research analysts expect that Sony Group Co. will post 5.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SONY shares. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.00.

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.