Park Avenue Securities LLC Purchases 279,124 Shares of Sony Group Co. (NYSE:SONY)

Park Avenue Securities LLC increased its position in Sony Group Co. (NYSE:SONY) by 515.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 333,245 shares of the company’s stock after acquiring an additional 279,124 shares during the period. Park Avenue Securities LLC’s holdings in Sony Group were worth $7,051,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. General Partner Inc. lifted its position in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the last quarter. Hilltop National Bank lifted its holdings in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after purchasing an additional 1,174 shares during the last quarter. Rise Advisors LLC lifted its holdings in Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after purchasing an additional 1,397 shares during the last quarter. Global Financial Private Client LLC grew its holdings in Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Founders Capital Management grew its holdings in Sony Group by 400.0% during the fourth quarter. Founders Capital Management now owns 2,005 shares of the company’s stock valued at $42,000 after purchasing an additional 1,604 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE SONY opened at $20.47 on Thursday. The company’s fifty day moving average is $20.34 and its two-hundred day moving average is $12.33. Sony Group Co. has a 52-week low of $15.02 and a 52-week 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. The firm has a market capitalization of $123.80 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 13.74 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer decreased their price target 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. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, three have assigned 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 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.