Intrust Bank NA Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

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

A number of other hedge funds have also recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in Sony Group during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new stake in Sony Group in the 4th quarter valued at $31,000. Pinnacle Bancorp Inc. bought a new position in shares of Sony Group during the 4th quarter valued at about $39,000. NBC Securities Inc. bought a new stake in shares of Sony Group in the third quarter worth about $51,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Sony Group during the 3rd quarter valued at approximately $73,000. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.0 %

Shares of SONY traded up $0.04 during midday trading on Tuesday, reaching $83.03. 25,126 shares of the stock were exchanged, compared to its average volume of 761,415. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $102.48 billion, a P/E ratio of 16.02 and a beta of 0.98. 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 52 week low of $79.62 and a 52 week high of $100.94.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

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