16,922 Shares in Sony Corporation $SONY Purchased by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 16,922 shares of Sony Corporation, valued at approximately $440,000, as reported in their recent 13F filing with the SEC.
• The company reported earnings of $0.30 per share for the last quarter, exceeding the consensus estimate of $0.24, although revenue fell short of expectations at $17.79 billion.
• Sony has a current market capitalization of $174.13 billion and a price-to-earnings ratio of 22.85, with its stock trading between a 12-month low of $17.42 and a high of $30.25.

GC Wealth Management RIA LLC acquired a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,922 shares of the company's stock, valued at approximately $440,000.

Other large investors have also added to or reduced their stakes in the company. City Holding Co. purchased a new stake in Sony during the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Sony during the first quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new stake in Sony during the first quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sony by 155.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after buying an additional 1,380 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock worth $52,000 after purchasing an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

SONY opened at $28.79 on Wednesday. The company has a market capitalization of $174.13 billion, a price-to-earnings ratio of 22.85 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $27.56 and a 200-day moving average price of $25.84. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.25.

Sony (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter last year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities analysts expect that Sony Corporation will post 1.23 EPS for the current year.

Sony 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.

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