Grove Bank & Trust Has $147,000 Stock Position in Sony Group Co. (NYSE:SONY)

Grove Bank & Trust grew its stake in shares of Sony Group Co. (NYSE:SONY) by 357.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,970 shares of the company’s stock after purchasing an additional 5,445 shares during the period. Grove Bank & Trust’s holdings in Sony Group were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Clarius Group LLC increased its position in shares of Sony Group by 400.0% during the fourth quarter. Clarius Group LLC now owns 34,065 shares of the company’s stock worth $721,000 after acquiring an additional 27,252 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Sony Group by 500.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 50,233 shares of the company’s stock valued at $1,063,000 after acquiring an additional 41,871 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new position in shares of Sony Group during the 4th quarter valued at approximately $307,000. Financial Management Professionals Inc. grew its position in shares of Sony Group by 390.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,821 shares of the company’s stock valued at $60,000 after acquiring an additional 2,246 shares during the period. Finally, HB Wealth Management LLC lifted its stake in shares of Sony Group by 378.4% during the 4th quarter. HB Wealth Management LLC now owns 12,592 shares of the company’s stock valued at $266,000 after buying an additional 9,960 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

SONY has been the topic of a number of recent research reports. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer lowered their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $20.64 on Tuesday. The company’s fifty day moving average price is $20.48 and its 200-day moving average price is $12.81. The firm has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.