Zions Bancorporation N.A. Acquires 1,378 Shares of Sony Group Co. (NYSE:SONY)

Zions Bancorporation N.A. lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 301.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,835 shares of the company’s stock after acquiring an additional 1,378 shares during the period. Zions Bancorporation N.A.’s holdings in Sony Group were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SONY. Primecap Management Co. CA raised its position in shares of Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC lifted its position in shares of Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after acquiring an additional 7,925,643 shares in the last quarter. Sei Investments Co. grew its stake in Sony Group by 362.7% in the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after purchasing an additional 2,544,193 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock valued at $65,323,000 after buying an additional 2,452,504 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY opened at $25.68 on Friday. The firm has a market cap of $155.27 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78. The company has a 50-day simple moving average of $23.49 and a two-hundred day simple moving average of $19.35. 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 (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

SONY has been the subject of several research reports. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday. They set a “buy” rating for the company. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price of $28.00.

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.