42,338 Shares in Sony Corporation $SONY Purchased by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies LLC has acquired 42,338 shares of Sony Corporation valued at approximately $1.1 million during the second quarter.
• Institutional investors now own about 14.05% of Sony's stock, with several funds expanding their positions in the company recently.
• Sony reported $0.30 earnings per share for the last quarter, exceeding analysts' estimates, but its revenue fell short of expectations at $17.79 billion.

Archford Capital Strategies LLC acquired a new stake in Sony Corporation (NYSE:SONY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,338 shares of the company's stock, valued at approximately $1,102,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. purchased a new stake in shares of Sony during the 1st quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in Sony during the 1st quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Sony during the first quarter worth $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sony by 155.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after acquiring an additional 1,380 shares during the period. Finally, Financial Management Professionals Inc. grew its position 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 valued at $52,000 after purchasing an additional 889 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Stock Performance

NYSE:SONY opened at $29.80 on Monday. The business's fifty day moving average is $27.36 and its 200 day moving average is $25.79. The firm has a market cap of $180.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.94. 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 Corporation has a 52-week low of $17.42 and a 52-week 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, beating analysts' consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. During the same quarter in the previous year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Research analysts predict 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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