Sony Group Co. (NYSE:SONY) Shares Acquired by Markel Group Inc.

Markel Group Inc. lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SONY. Janney Montgomery Scott LLC grew its position in shares of Sony Group by 5.8% during the third quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $2,636,000 after buying an additional 1,504 shares in the last quarter. Assetmark Inc. lifted its stake in Sony Group by 4.1% during the third quarter. Assetmark Inc. now owns 100,165 shares of the company’s stock worth $9,673,000 after purchasing an additional 3,925 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after purchasing an additional 29,165 shares during the last quarter. Delta Financial Advisors LLC purchased a new stake in Sony Group during the third quarter worth approximately $202,000. Finally, Mizuho Markets Americas LLC purchased a new stake in Sony Group during the third quarter worth approximately $324,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of NYSE SONY opened at $22.87 on Tuesday. 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 twelve month low of $15.02 and a twelve month high of $25.64. The stock has a 50 day moving average of $22.48 and a two-hundred day moving average of $17.66. The stock has a market cap of $138.28 billion, a P/E ratio of 18.56, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share 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 company had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SONY shares. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group has an average rating of “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.