Park Avenue Securities LLC Sells 271 Shares of Sony Group Co. (NYSE:SONY)

Park Avenue Securities LLC trimmed its position in shares of Sony Group Co. (NYSE:SONY) by 0.5% during the 3rd quarter, Holdings Channel reports. The fund owned 54,121 shares of the company’s stock after selling 271 shares during the period. Park Avenue Securities LLC’s holdings in Sony Group were worth $5,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Harding Loevner LP grew its position in Sony Group by 2,206.6% in the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after acquiring an additional 2,181,169 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the period. Mondrian Investment Partners LTD increased its position in shares of Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after purchasing an additional 774,502 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock valued at $602,106,000 after purchasing an additional 341,566 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Sony Group by 26.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock valued at $127,338,000 after buying an additional 277,537 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Up 0.9 %

Shares of NYSE SONY traded up $0.85 during midday trading on Friday, hitting $94.85. The company’s stock had a trading volume of 458,539 shares, compared to its average volume of 810,550. The business’s 50 day moving average is $24.42 and its two-hundred day moving average is $19.55. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $117.07 billion, a P/E ratio of 17.44 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. As a group, equities research analysts expect that Sony Group Co. will post 5.63 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on SONY. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Two investment analysts have 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.