Mariner LLC Grows Stake in Sony Group Co. (NYSE:SONY)

Mariner LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 413.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,138 shares of the company's stock after acquiring an additional 276,316 shares during the period. Mariner LLC's holdings in Sony Group were worth $7,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Fisher Asset Management LLC increased its stake in shares of Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in shares of 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 in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Sony Group by 401.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock worth $151,119,000 after purchasing an additional 5,718,378 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Sony Group by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock worth $125,477,000 after purchasing an additional 4,703,571 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

Shares of SONY stock traded up $0.10 during trading hours on Thursday, hitting $24.99. The company's stock had a trading volume of 1,134,270 shares, compared to its average volume of 5,083,652. The stock has a market cap of $151.10 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a 50 day moving average of $24.12 and a 200 day moving average of $21.57. The company has a current ratio of 0.66, a quick ratio of 0.49 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 $25.78.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SONY shares. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.