Parkside Financial Bank & Trust Has $39,000 Stake in Sony Group Co. (NYSE:SONY)

Parkside Financial Bank & Trust increased its stake in Sony Group Co. (NYSE:SONY) by 1,612.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,832 shares of the company’s stock after purchasing an additional 1,725 shares during the period. Parkside Financial Bank & Trust’s holdings in Sony Group were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Sony Group by 563.4% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 28,425 shares of the company’s stock valued at $601,000 after purchasing an additional 24,140 shares during the period. QRG Capital Management Inc. raised its holdings in Sony Group by 485.3% in the 4th quarter. QRG Capital Management Inc. now owns 431,138 shares of the company’s stock worth $9,123,000 after acquiring an additional 357,475 shares during the period. Proficio Capital Partners LLC acquired a new position in Sony Group during the 4th quarter worth $329,000. Oppenheimer & Co. Inc. boosted its holdings in Sony Group by 411.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 239,888 shares of the company’s stock valued at $5,076,000 after acquiring an additional 192,940 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Sony Group by 384.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 484,137 shares of the company’s stock valued at $10,244,000 after purchasing an additional 384,243 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SONY. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Down 1.8 %

NYSE SONY opened at $24.59 on Tuesday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The stock has a market cap of $148.71 billion, a PE ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. The firm has a 50-day simple moving average of $22.20 and a 200 day simple moving average of $16.94. 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 (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, research analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

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.