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

Parkside Financial Bank & Trust raised its position in shares of Sony Group Co. (NYSE:SONY) by 1,612.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,832 shares of the company’s stock after buying an additional 1,725 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Sony Group were worth $39,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. lifted its holdings 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 valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the fourth quarter valued at $26,000. Hilltop National Bank boosted its position in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on SONY. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of SONY stock opened at $24.59 on Tuesday. The firm has a market cap of $148.71 billion, a P/E ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The stock’s 50-day moving average is $22.20 and its two-hundred day moving average is $16.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.