12,572 Shares in Sony Corporation (NYSE:SONY) Acquired by Abel Hall LLC

Abel Hall LLC acquired a new stake in Sony Corporation (NYSE:SONY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,572 shares of the company's stock, valued at approximately $319,000.

A number of other institutional investors also recently added to or reduced their stakes in SONY. Brighton Jones LLC boosted its holdings in Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock valued at $421,000 after purchasing an additional 16,094 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Sony in the 4th quarter valued at approximately $329,000. Commonwealth Equity Services LLC boosted its holdings in Sony by 402.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 135,105 shares of the company's stock valued at $2,859,000 after purchasing an additional 108,229 shares in the last quarter. Mondrian Investment Partners LTD boosted its holdings in Sony by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Sony by 355.5% in the 4th quarter. Harbour Investments Inc. now owns 1,699 shares of the company's stock valued at $36,000 after purchasing an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

Shares of NYSE:SONY traded up $0.11 during trading on Thursday, hitting $25.37. 5,826,949 shares of the stock were exchanged, compared to its average volume of 5,376,690. The company has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $24.18. The company has a market cap of $153.40 billion, a PE ratio of 20.56, a P/E/G ratio of 11.58 and a beta of 0.94. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Sony Corporation has a 12-month low of $15.96 and a 12-month high of $26.94.

Analyst Ratings Changes

Several equities research analysts have recently commented on SONY shares. Wolfe Research reissued a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

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.