Arete Wealth Advisors LLC Has $314,000 Stake in Sony Corporation $SONY

Key Points

• Arete Wealth Advisors LLC reduced its stake in Sony Corporation by 55.3%, now holding 12,382 shares valued at $314,000.
• Wall Street analyst ratings for Sony include one Strong Buy, four Buy, and one Hold, with a consensus price target of $28.00.
• In its most recent earnings report, Sony posted earnings per share of $0.30, exceeding expectations, but fell short in revenue with $17.79 billion reported compared to an estimate of $18.88 billion.

Arete Wealth Advisors LLC trimmed its holdings in Sony Corporation (NYSE:SONY - Free Report) by 55.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,382 shares of the company's stock after selling 15,297 shares during the period. Arete Wealth Advisors LLC's holdings in Sony were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. City Holding Co. bought a new stake in shares of Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony during the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in Sony in the 1st quarter valued at about $47,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Sony in the 1st quarter valued at approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sony by 155.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One research 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 company presently has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Stock Down 0.2%

SONY stock opened at $28.65 on Thursday. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $25.34. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $29.16. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $173.26 billion, a P/E ratio of 22.74 and a beta of 0.94.

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 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 quarter in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal year.

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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