Somerset Trust Co Increases Stock Position in Sony Group Co. (NYSE:SONY)

Somerset Trust Co grew its stake in Sony Group Co. (NYSE:SONY) by 433.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,957 shares of the company’s stock after acquiring an additional 9,717 shares during the period. Somerset Trust Co’s holdings in Sony Group were worth $253,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL raised its position in Sony Group by 4.6% in the second quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock valued at $408,000 after purchasing an additional 212 shares during the period. Hexagon Capital Partners LLC lifted its stake in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares in the last quarter. Wedmont Private Capital boosted its holdings in Sony Group by 12.9% during the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after acquiring an additional 316 shares during the period. Itau Unibanco Holding S.A. grew its position in Sony Group by 14.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,176 shares of the company’s stock valued at $355,000 after acquiring an additional 534 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after purchasing an additional 549 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SONY. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday. They issued an “outperform” rating for the company. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Up 1.5 %

Shares of Sony Group stock opened at $20.64 on Friday. 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 52-week low of $15.02 and a 52-week high of $22.71. The company has a market capitalization of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a 50 day moving average of $20.45 and a 200 day moving average of $12.56.

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.