Aprio Wealth Management LLC Purchases 12,643 Shares of Sony Corporation $SONY

Key Points

• Aprio Wealth Management LLC increased its holdings in Sony Corporation by 84.4% in the first quarter, owning a total of 27,628 shares valued at $701,000, following the acquisition of an additional 12,643 shares.
• Sony reported earnings per share of $0.30, exceeding the consensus estimate of $0.24, but its revenue of $17.79 billion fell short of the anticipated $18.88 billion.
• Sony's stock is currently rated as a Buy by most analysts, with a consensus target price of $28.00, although Wall Street Zen downgraded it from a "buy" to a "hold" rating.

Aprio Wealth Management LLC grew its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 84.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,628 shares of the company's stock after purchasing an additional 12,643 shares during the period. Aprio Wealth Management LLC's holdings in Sony were worth $701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. bought a new position in shares of Sony during the first quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony during the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new stake in Sony in the first quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sony by 155.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new stake in Sony in the first quarter valued at approximately $56,000. 14.05% of the stock is owned by institutional investors.

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 investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $28.00.

Sony Trading Down 1.0%

Shares of NYSE:SONY traded down $0.29 during midday trading on Friday, hitting $27.56. 2,620,164 shares of the stock traded hands, compared to its average volume of 3,499,242. The stock has a market capitalization of $166.64 billion, a PE ratio of 21.87 and a beta of 0.94. The business's 50 day moving average is $26.05 and its two-hundred day moving average is $25.26. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a one year low of $17.42 and a one year high of $29.16.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm 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 in the prior year, the firm posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, research 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.