Portland Global Advisors LLC Has $291,000 Position in Sony Group Co. (NYSE:SONY)

Portland Global Advisors LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 366.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,735 shares of the company's stock after purchasing an additional 10,788 shares during the quarter. Portland Global Advisors LLC's holdings in Sony Group were worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners boosted its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares in the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% in the 4th 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 currently owned by institutional investors and hedge funds.

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Sony Group Trading Down 1.2 %

SONY stock traded down $0.30 during midday trading on Wednesday, reaching $24.87. The stock had a trading volume of 4,663,028 shares, compared to its average volume of 5,026,212. The firm has a market cap of $150.41 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. 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 fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $20.02.

Sony Group (NYSE:SONY - Get Free Report) last posted 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 net margin of 8.21% and a return on equity of 14.10%. 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 expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SONY shares. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "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.