May Hill Capital LLC Buys Shares of 18,714 Sony Group Co. (NYSE:SONY)

May Hill Capital LLC purchased a new position in Sony Group Co. (NYSE:SONY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,714 shares of the company’s stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SONY. Primecap Management Co. CA boosted its holdings in Sony Group by 379.5% in the fourth 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 in the last quarter. Fisher Asset Management LLC boosted its stake in Sony Group by 425.9% in 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 in the last quarter. Mondrian Investment Partners LTD boosted its stake in Sony Group by 358.2% in the 4th 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. Clearbridge Investments LLC grew its position in Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock valued at $125,477,000 after purchasing an additional 4,703,571 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Sony Group by 362.7% during the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after purchasing an additional 2,544,193 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a “buy” rating on the stock. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Stock Performance

SONY stock opened at $25.44 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The company has a market cap of $153.82 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The stock’s fifty day moving average price is $23.68 and its 200-day moving average price is $19.87.

Sony Group (NYSE:SONY) last issued its quarterly earnings results 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 business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities analysts forecast 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.