Mondrian Investment Partners LTD Has $223.04 Million Position in Sony Group Co. (NYSE:SONY)

Mondrian Investment Partners LTD boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 358.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,138,119 shares of the company's stock after acquiring an additional 7,925,643 shares during the quarter. Sony Group accounts for about 3.9% of Mondrian Investment Partners LTD's investment portfolio, making the stock its biggest position. Mondrian Investment Partners LTD owned about 0.17% of Sony Group worth $223,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SONY. Fisher Asset Management LLC raised its stake in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sony Group during the fourth quarter valued at approximately $36,964,000. Cardinal Capital Management Inc. lifted its holdings in Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock worth $33,986,000 after buying an additional 1,287,259 shares in the last quarter. Cambiar Investors LLC boosted its position in Sony Group by 548.9% in the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock valued at $22,414,000 after buying an additional 896,013 shares during the last quarter. Finally, XY Capital Ltd increased its stake in shares of Sony Group by 1,850.5% in the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company's stock valued at $19,478,000 after buying an additional 873,339 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Up 2.5 %

Shares of NYSE:SONY traded up $0.59 during midday trading on Thursday, reaching $23.95. 1,439,716 shares of the company were exchanged, compared to its average volume of 4,139,052. The firm has a market cap of $144.84 billion, a PE ratio of 19.44, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The stock has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $21.39.

Sony Group (NYSE:SONY - Get Free Report) last posted 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. 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. As a group, sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer restated 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. Finally, The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.