Martin Investment Management LLC Buys 857,266 Shares of Sony Group Co. (NYSE:SONY)

Martin Investment Management LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 399.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,071,625 shares of the company's stock after acquiring an additional 857,266 shares during the quarter. Sony Group comprises approximately 6.2% of Martin Investment Management LLC's holdings, 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 SEC filing.

A number of other hedge funds have also made changes to their positions in SONY. Coldstream Capital Management Inc. boosted its position in Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after purchasing an additional 751 shares during the period. FCA Corp TX boosted its holdings in shares of Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners boosted 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 buying an additional 927 shares during the period. Fairscale Capital LLC grew its stake in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the last quarter. Finally, General Partner Inc. raised its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after acquiring an additional 996 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

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Analyst Upgrades and Downgrades

SONY has been the topic of several research analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Group Stock Performance

SONY stock traded down $1.57 during trading on Friday, reaching $21.81. 7,989,026 shares of the stock were exchanged, compared to its average volume of 4,050,819. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. 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 market capitalization of $131.90 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The stock has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $20.20.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share 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.