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

Whittier Trust Co. of Nevada Inc. boosted its holdings in Sony Group Co. (NYSE:SONY) by 254.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,188 shares of the company’s stock after purchasing 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.

Several other hedge funds have also added to or reduced their stakes in SONY. Pathstone Holdings LLC lifted its stake in Sony Group by 1.8% in the third quarter. Pathstone Holdings LLC now owns 57,661 shares of the company’s stock worth $5,568,000 after purchasing an additional 1,045 shares during the last quarter. Commerce Bank bought a new position in shares of Sony Group during the third quarter valued at about $231,000. First Horizon Advisors Inc. raised its stake in shares of Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after acquiring an additional 599 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sony Group by 25.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company’s stock valued at $7,649,000 after acquiring an additional 16,073 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Sony Group by 456.3% during the third quarter. Eagle Asset Management Inc. now owns 27,604 shares of the company’s stock valued at $2,666,000 after acquiring an additional 22,642 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented 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 note on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $25.25 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64. 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 company’s 50-day moving average is $23.08 and its 200 day moving average is $18.85. The stock has a market capitalization of $152.72 billion, a P/E ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last announced 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. 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. On average, sell-side analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Sony Group Company 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.