Markel Group Inc. Acquires 268,000 Shares of Sony Group Co. (NYSE:SONY)

Markel Group Inc. lifted its position in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,000 shares of the company's stock after buying an additional 268,000 shares during the quarter. Markel Group Inc.'s holdings in Sony Group were worth $7,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd grew its holdings in Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after buying an additional 28,852 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group in the fourth quarter worth $6,125,000. Fifth Third Bancorp increased its position in Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after acquiring an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock valued at $854,000 after purchasing an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC boosted its holdings in Sony Group by 400.9% in the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock valued at $729,000 after purchasing an additional 27,593 shares during the period. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned 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.

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Sony Group Price Performance

SONY traded down $0.29 during midday trading on Thursday, reaching $23.40. 2,425,834 shares of the company's stock were exchanged, compared to its average volume of 3,669,376. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $22.61 and a two-hundred day simple moving average of $17.87. The firm has a market capitalization of $141.50 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, research analysts predict that Sony Group Co. will post 1.23 EPS for the current 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.