Sanibel Captiva Trust Company Inc. Makes New Investment in Sony Group Co. (NYSE:SONY)

Sanibel Captiva Trust Company Inc. acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,730 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alhambra Investment Management LLC raised its position in shares of Sony Group by 360.1% in the 4th quarter. Alhambra Investment Management LLC now owns 39,985 shares of the company’s stock worth $846,000 after acquiring an additional 31,295 shares in the last quarter. Brooklyn Investment Group increased its holdings in Sony Group by 14,571.4% in the fourth quarter. Brooklyn Investment Group now owns 3,081 shares of the company’s stock worth $65,000 after purchasing an additional 3,060 shares in the last quarter. Somerset Trust Co lifted its stake in Sony Group by 433.8% in the fourth quarter. Somerset Trust Co now owns 11,957 shares of the company’s stock valued at $253,000 after buying an additional 9,717 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Sony Group by 345.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,901 shares of the company’s stock worth $61,000 after buying an additional 2,250 shares in the last quarter. Finally, Boston Common Asset Management LLC grew its position in shares of Sony Group by 362.3% during the 4th quarter. Boston Common Asset Management LLC now owns 228,961 shares of the company’s stock worth $4,845,000 after buying an additional 179,438 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sony Group Trading Up 1.5 %

SONY opened at $20.64 on Monday. The firm has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The company’s 50-day moving average is $20.45 and its 200 day moving average is $12.69.

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.