Park Place Capital Corp Decreases Stock Position in Sony Group Co. (NYSE:SONY)

Park Place Capital Corp decreased its holdings in shares of Sony Group Co. (NYSE:SONY) by 15.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,814 shares of the company’s stock after selling 319 shares during the period. Park Place Capital Corp’s holdings in Sony Group were worth $175,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after purchasing an additional 341,566 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of Sony Group by 43.4% during the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares during the last quarter. Harding Loevner LP boosted its holdings 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 valued at $219,419,000 after purchasing an additional 2,181,169 shares during the last quarter. Clearbridge Investments LLC grew its position in Sony Group by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after purchasing an additional 18,487 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SONY shares. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Sony Group Stock Down 0.5 %

Shares of SONY opened at $95.14 on Wednesday. The firm has a market cap of $117.42 billion, a P/E ratio of 17.49 and a beta of 0.94. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The stock’s 50 day moving average is $29.09 and its two-hundred day moving average is $21.21. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Analysts predict that Sony Group Co. will post 4.75 earnings per share for the current fiscal 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.