Central Pacific Bank Trust Division Has $2.23 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Central Pacific Bank Trust Division increased its position in shares of Sony Group Co. (NYSE:SONY) by 275.4% during the 4th quarter, HoldingsChannel reports. The fund owned 105,500 shares of the company’s stock after purchasing an additional 77,400 shares during the quarter. 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 made changes to their positions in SONY. General Partner Inc. lifted its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the period. Versant Capital Management Inc acquired a new position in Sony Group in the fourth quarter valued at about $46,000. Hexagon Capital Partners LLC lifted its stake in Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after buying an additional 716 shares during the period. Finally, Drive Wealth Management LLC acquired a new position in Sony Group in the third quarter valued at about $201,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 0.9 %

Shares of NYSE:SONY traded up $0.19 during mid-day trading on Friday, reaching $21.28. 1,271,671 shares of the stock were exchanged, compared to its average volume of 1,906,607. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $128.69 billion, a P/E ratio of 17.41, a P/E/G ratio of 13.74 and a beta of 0.98. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The stock’s 50 day simple moving average is $19.89 and its 200-day simple moving average is $11.24.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SONY. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and an average 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.