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

Portland Global Advisors LLC lifted its position in Sony Group Co. (NYSE:SONY) by 366.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,735 shares of the company’s stock after acquiring an additional 10,788 shares during the period. Portland Global Advisors LLC’s holdings in Sony Group were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Fiduciary Trust Co increased its stake in Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after acquiring an additional 585 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock valued at $352,000 after purchasing an additional 751 shares during the period. FCA Corp TX grew its stake in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after purchasing an additional 900 shares during the period. Silicon Valley Capital Partners raised its holdings in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares in the last quarter. Finally, Fairscale Capital LLC lifted its position in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after buying an additional 992 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of SONY stock opened at $25.11 on Friday. 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 12-month low of $15.02 and a 12-month high of $25.78. The firm has a fifty day moving average of $23.58 and a 200-day moving average of $19.61. The firm has a market capitalization of $151.83 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SONY has been the topic of several recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. One research analyst has 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, Sony Group has an average rating of “Buy” and an average target price of $28.00.

About Sony Group

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.