Madison Investment Advisors LLC Makes New $2.47 Million Investment in Sony Group Co. (NYSE:SONY)

Madison Investment Advisors LLC bought a new stake in Sony Group Co. (NYSE:SONY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 116,706 shares of the company's stock, valued at approximately $2,469,000.

Other institutional investors have also modified their holdings of the company. Fiduciary Trust Co grew its position in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. boosted its stake in Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock worth $447,000 after buying an additional 599 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after buying an additional 716 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after acquiring an additional 751 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in shares of 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 acquiring an additional 927 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Trading Down 0.4 %

Shares of SONY stock traded down $0.11 during mid-day trading on Tuesday, reaching $25.17. The company's stock had a trading volume of 373,758 shares, compared to its average volume of 3,905,282. The company's 50 day simple moving average is $23.18 and its 200-day simple moving average is $19.11. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64. The firm has a market capitalization of $152.19 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

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Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, research analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of research analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $28.00.

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.