Sony Group Co. (NYSE:SONY) Position Boosted by Park Place Capital Corp

Park Place Capital Corp raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 388.5% during the 4th quarter, Holdings Channel reports. The fund owned 8,862 shares of the company’s stock after purchasing an additional 7,048 shares during the period. Park Place Capital Corp’s holdings in Sony Group were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Blair William & Co. IL raised its stake in shares of Sony Group by 4.6% during the second quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock valued at $408,000 after purchasing an additional 212 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Sony Group by 38.6% during the 3rd 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. Wedmont Private Capital raised its position in shares of Sony Group by 12.9% during the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after buying an additional 316 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sony Group by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after acquiring an additional 549 shares during the period. Finally, Fiduciary Trust Co boosted its holdings in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE:SONY opened at $20.92 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market capitalization of $126.49 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 13.01 and a beta of 0.95. The stock has a fifty day moving average of $20.57 and a 200-day moving average of $12.99. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SONY shares. TD Cowen cut their target price on 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 began coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer cut 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. One investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.