Park Avenue Securities LLC Raises Stock Holdings in Sony Group Co. (NYSE:SONY)

Park Avenue Securities LLC raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 515.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,245 shares of the company's stock after buying an additional 279,124 shares during the quarter. Park Avenue Securities LLC's holdings in Sony Group were worth $7,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Alliance raised its position in shares of Sony Group by 1.2% in the second quarter. Wealth Alliance now owns 11,977 shares of the company's stock worth $1,017,000 after buying an additional 141 shares in the last quarter. Blair William & Co. IL increased its stake in Sony Group by 4.6% in the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company's stock worth $408,000 after acquiring an additional 212 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company's stock valued at $81,000 after acquiring an additional 233 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of 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 acquiring an additional 316 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Sony Group by 8.1% during the 2nd quarter. Private Advisor Group LLC now owns 5,932 shares of the company's stock valued at $504,000 after acquiring an additional 446 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SONY shares. Daiwa America upgraded shares of Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th. Oppenheimer dropped their price objective on shares of 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 cut their target price on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday. They set an "outperform" rating on the stock. Finally, StockNews.com cut 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, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sony Group presently has a consensus rating of "Buy" and a consensus price target of $24.00.

Sony Group Trading Down 0.7 %

Shares of SONY stock traded down $0.15 on Thursday, hitting $20.36. 4,472,462 shares of the company's stock traded hands, compared to its average volume of 3,537,716. The stock has a market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 12.41 and a beta of 0.95. The company's fifty day simple moving average is $20.39 and its 200 day simple moving average is $12.39. 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 quick ratio of 0.49 and a current ratio of 0.66.

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.