Central Pacific Bank Trust Division Buys 77,400 Shares of Sony Group Co. (NYSE:SONY)

Central Pacific Bank Trust Division boosted its position in shares of Sony Group Co. (NYSE:SONY) by 275.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,500 shares of the company’s stock after acquiring an additional 77,400 shares during the period. Central Pacific Bank Trust Division’s holdings in Sony Group were worth $2,232,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new stake in shares of Sony Group in the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the period. Marshall Wace LLP lifted its position in shares of Sony Group by 8,495.0% in the 2nd 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 during the period. Sanctuary Advisors LLC lifted its position in shares of Sony Group by 601.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock worth $24,850,000 after acquiring an additional 220,628 shares during the period. Finally, Alight Capital Management LP bought a new stake in shares of Sony Group in the 2nd quarter worth approximately $12,742,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. 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 report on Tuesday, November 12th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.00.

Sony Group Price Performance

SONY stock traded up $0.19 during midday trading on Friday, reaching $21.28. 1,271,671 shares of the company’s stock traded hands, compared to its average volume of 1,906,607. The company has a 50-day simple moving average of $19.89 and a two-hundred day simple moving average of $11.24. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a market cap of $128.69 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 13.74 and a beta of 0.98. 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 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.