Sony Corporation $SONY Shares Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. significantly increased its stake in Sony Corporation by 702.4%, acquiring an additional 1,154,010 shares to hold a total of 1,318,299 shares worth approximately $33.47 million.
• Other institutional investors, such as BSW Wealth Partners and Ameriprise Financial Inc., also expanded their positions in Sony, demonstrating strong interest among hedge funds in the company.
• Sony recently reported earnings that exceeded analysts' expectations, posting an EPS of $0.30 compared to an anticipated $0.24, despite revenue falling short of estimates at $17.79 billion.

1832 Asset Management L.P. increased its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 702.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,318,299 shares of the company's stock after acquiring an additional 1,154,010 shares during the period. 1832 Asset Management L.P.'s holdings in Sony were worth $33,472,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Analysts LLC grew its holdings in Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. City Holding Co. acquired a new stake in Sony in the first quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony in the first quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new stake in Sony in the first quarter valued at $47,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Sony in the first quarter valued at $56,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $28.00.

Sony Trading Down 1.4%

NYSE SONY traded down $0.41 during trading hours on Friday, hitting $27.60. 980,635 shares of the company's stock were exchanged, compared to its average volume of 5,108,577. The business's 50 day moving average is $25.78 and its 200-day moving average is $25.09. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $29.16. The firm has a market capitalization of $166.89 billion, a P/E ratio of 21.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09.

Sony (NYSE:SONY - Get Free Report) last released 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 return on equity of 13.88% and a net margin of 9.14%.The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the prior year, the business posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony 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.