AlTi Global Inc. Invests $228,000 in Sony Corporation $SONY

AlTi Global Inc. acquired a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,747 shares of the company's stock, valued at approximately $228,000.

A number of other large investors also recently modified their holdings of SONY. Wellington Management Group LLP acquired a new position in shares of Sony during the 1st quarter worth about $78,905,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Sony by 4,056.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company's stock worth $50,269,000 after buying an additional 1,926,156 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Sony by 702.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company's stock worth $33,472,000 after buying an additional 1,154,010 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company's stock worth $52,814,000 after buying an additional 1,142,849 shares during the last quarter. Finally, Todd Asset Management LLC boosted its stake in shares of Sony by 59.2% during the 1st quarter. Todd Asset Management LLC now owns 1,515,899 shares of the company's stock worth $38,489,000 after buying an additional 563,802 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SONY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Sony from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a research note on Friday. Finally, Cfra Research upgraded shares of Sony to a "moderate buy" rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $33.00.

Sony Trading Down 0.2%

Shares of NYSE:SONY opened at $28.65 on Friday. Sony Corporation has a 52-week low of $17.54 and a 52-week high of $30.28. The company has a market capitalization of $173.24 billion, a P/E ratio of 22.74 and a beta of 0.95. The company has a 50-day simple moving average of $28.73 and a 200 day simple moving average of $26.44. 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 issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period last year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Sony Corporation will post 1.23 earnings per share 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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