Cetera Trust Company N.A Buys 13,660 Shares of Sony Group Co. (NYSE:SONY)

Cetera Trust Company N.A raised its position in shares of Sony Group Co. (NYSE:SONY) by 418.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,925 shares of the company’s stock after buying an additional 13,660 shares during the quarter. Cetera Trust Company N.A’s holdings in Sony Group were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SONY. Mediolanum International Funds Ltd purchased a new stake in Sony Group in the third quarter worth about $109,462,000. Fisher Asset Management LLC increased its position in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares in the last quarter. Marshall Wace LLP boosted its holdings in Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Sony Group by 411.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock worth $11,194,000 after acquiring an additional 425,515 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Sony Group by 515.7% in the fourth quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock worth $7,051,000 after buying an additional 279,124 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TD Cowen reduced their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

NYSE SONY opened at $20.90 on Wednesday. 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 twelve month low of $15.02 and a twelve month high of $22.71. The business has a 50-day moving average price of $20.52 and a 200-day moving average price of $12.94. The firm has a market cap of $126.37 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 12.85 and a beta of 0.95.

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.