Parallel Advisors LLC Has $859,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

Parallel Advisors LLC trimmed its holdings in Sony Group Co. (NYSE:SONY) by 15.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 33,827 shares of the company’s stock after selling 6,076 shares during the quarter. Parallel Advisors LLC’s holdings in Sony Group were worth $859,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares in the last quarter. Capital Analysts LLC grew its position in Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after acquiring an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group in the fourth quarter worth approximately $26,000. Fairscale Capital LLC grew its position in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC grew its position in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after acquiring an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

NYSE SONY opened at $26.37 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $24.56 and a 200 day simple moving average of $22.93. The company has a market cap of $159.48 billion, a P/E ratio of 21.40, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1 year low of $15.86 and a 1 year high of $26.95.

Wall Street Analysts Forecast Growth

Several analysts have commented on SONY shares. Wall Street Zen downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.