American Century Companies Inc. Grows Stock Position in Sony Corporation $SONY

Key Points

• American Century Companies Inc. increased its stake in Sony Corporation by 8.3%, owning 1,615,703 shares valued at approximately $41,023,000 after buying an additional 123,641 shares.
• Sony reported $0.30 EPS in its latest earnings, surpassing analyst expectations of $0.24, although its revenue of $17.79 billion fell short of the anticipated $18.88 billion.
• Analysts currently give Sony a consensus rating of "Buy", with an average target price of $28.00, despite one analyst downgraded it from a "buy" to a "hold" rating.

American Century Companies Inc. raised its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,615,703 shares of the company's stock after buying an additional 123,641 shares during the period. American Century Companies Inc.'s holdings in Sony were worth $41,023,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. FCA Corp TX raised its stake in shares of Sony by 308.2% during the 1st quarter. FCA Corp TX now owns 20,000 shares of the company's stock valued at $508,000 after buying an additional 15,100 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Sony by 109.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 190,260 shares of the company's stock valued at $4,831,000 after buying an additional 99,274 shares during the last quarter. Boston Partners raised its stake in shares of Sony by 21.4% during the 1st quarter. Boston Partners now owns 295,350 shares of the company's stock valued at $7,482,000 after buying an additional 51,980 shares during the last quarter. LHM Inc. purchased a new position in shares of Sony during the 1st quarter valued at about $2,714,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Sony by 72.1% during the 1st quarter. Russell Investments Group Ltd. now owns 13,246 shares of the company's stock valued at $336,000 after buying an additional 5,550 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

NYSE:SONY opened at $28.1160 on Thursday. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $29.16. 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 stock has a market capitalization of $170.04 billion, a PE ratio of 22.31 and a beta of 0.91. The stock's 50-day moving average price is $25.53 and its 200-day moving average price is $24.87.

Sony (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.30 EPS 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 firm had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. During the same period last year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Sony

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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