Sony Group Co. (NYSE:SONY) is Martin Investment Management LLC’s 4th Largest Position

Martin Investment Management LLC grew its stake in shares of Sony Group Co. (NYSE:SONY) by 399.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,071,625 shares of the company’s stock after buying an additional 857,266 shares during the period. Sony Group accounts for about 6.2% of Martin Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Martin Investment Management LLC’s holdings in Sony Group were worth $22,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SONY. Primecap Management Co. CA grew its holdings in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after buying an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD lifted its stake in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock worth $125,477,000 after acquiring an additional 4,703,571 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Sony Group by 362.7% during the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after purchasing an additional 2,544,193 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SONY shares. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer restated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and an average target price of $28.00.

Sony Group Price Performance

Shares of SONY stock opened at $25.19 on Wednesday. The stock’s 50-day moving average is $23.76 and its 200 day moving average is $20.02. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $152.31 billion, a P/E ratio of 20.44, a PEG ratio of 9.95 and a beta of 0.91.

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