Sony Group Co. (NYSE:SONY) Shares Bought by Arlington Trust Co LLC

Arlington Trust Co LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SONY. AQR Capital Management LLC acquired a new position in shares of Sony Group in the second quarter valued at approximately $388,000. Wedmont Private Capital increased its stake in Sony Group by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after buying an additional 316 shares during the period. Meyer Handelman Co. acquired a new position in Sony Group in the 3rd quarter valued at $202,000. Ritholtz Wealth Management raised its position in Sony Group by 38.3% during the 3rd quarter. Ritholtz Wealth Management now owns 34,357 shares of the company’s stock worth $3,318,000 after buying an additional 9,517 shares during the last quarter. Finally, Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 1.5% in the 3rd quarter. Cardinal Capital Management Inc. now owns 318,901 shares of the company’s stock worth $30,796,000 after acquiring an additional 4,765 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

SONY opened at $22.57 on Monday. The stock’s 50 day simple moving average is $21.25 and its 200 day simple moving average is $14.60. The stock has a market cap of $136.47 billion, a P/E ratio of 18.47, a P/E/G ratio of 11.46 and a beta of 0.96. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $23.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Wall Street Analysts Forecast Growth

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

Sony Group Company 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.