Arlington Trust Co LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Arlington Trust Co LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,170 shares of the company’s stock after buying an additional 8,136 shares during the quarter. Arlington Trust Co LLC’s holdings in Sony Group were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% in the fourth 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. raised its position in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the 4th quarter valued at about $26,000. Hilltop National Bank grew its position in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after buying an additional 1,204 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 1.9 %

SONY stock opened at $22.57 on Monday. The company’s 50 day moving average is $21.25 and its two-hundred day moving average is $14.60. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $23.05. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $136.47 billion, a P/E ratio of 18.47, a PEG ratio of 11.46 and a beta of 0.96.

Analyst Ratings Changes

A number of brokerages recently issued reports on SONY. Oppenheimer decreased their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

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.