Assenagon Asset Management S.A. Invests $4.35 Million in Sony Corporation $SONY

Key Points

• Assenagon Asset Management acquired 216,802 Sony shares worth approximately $4.35 million in the second quarter. Institutional investors collectively own 14.05% of the company.
• Sony reported quarterly EPS of $0.36, beating estimates of $0.28, while revenue rose 8.2% year over year to $17.45 billion. Analysts expect full-year EPS of $1.39.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $22; meanwhile, insiders sold approximately $29.9 million of stock over the past three months.

Assenagon Asset Management S.A. acquired a new stake in Sony Corporation (NYSE:SONY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 216,802 shares of the company's stock, valued at approximately $4,349,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Sony in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Sony during the 4th quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Sony by 404.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company's stock worth $28,000 after buying an additional 889 shares during the period. Twin Tree Management LP grew its stake in Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company's stock valued at $28,000 after buying an additional 1,139 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in Sony in the 4th quarter worth $28,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sony news, insider Tsuyoshi Kodera sold 17,100 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.72, for a total value of $388,512.00. Following the completion of the sale, the insider owned 47,508 shares in the company, valued at approximately $1,079,381.76. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Hiroki Totoki sold 225,000 shares of Sony stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of $21.02, for a total value of $4,729,500.00. Following the sale, the chief executive officer directly owned 173,250 shares in the company, valued at $3,641,715. The trade was a 56.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,350,065 shares of company stock worth $29,878,266. 7.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating on shares of Sony in a research report on Monday, August 3rd. Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Sunday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sony in a research note on Wednesday, May 20th. Finally, Zacks Research raised Sony from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Sony Stock Performance

NYSE:SONY opened at $23.52 on Thursday. The firm's 50-day moving average is $21.33 and its 200-day moving average is $21.49. The company has a market cap of $138.96 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.25. Sony Corporation has a 52-week low of $19.32 and a 52-week high of $30.34.

Sony (NYSE:SONY - Get Free Report) last released its earnings results on Saturday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. The business had revenue of $17.45 billion during the quarter, compared to analysts' expectations of $17.17 billion. During the same quarter last year, the company earned $42.84 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Sony Corporation will post 1.39 earnings per share for the current year.

More Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Major image-sensor joint venture with TSMC: Sony and Taiwan Semiconductor Manufacturing Company agreed to invest approximately $4.7 billion in a Kumamoto, Japan facility to produce next-generation CMOS image sensors, with volume production targeted for 2029. Sony will remain the controlling shareholder, securing advanced manufacturing capacity for its market-leading mobile-camera sensor business and reducing supply-chain concentration risk. Reuters report on TSMC investment in Sony image-sensor joint venture
• Positive Sentiment: Strong operating momentum: Sony’s first-quarter FY2027 operating income reportedly rose 40% year over year to ¥476.5 billion, led by gaming and imaging and sensing. Management also raised full-year operating-income guidance to ¥1.72 trillion. Its recent quarterly EPS and revenue both exceeded analyst expectations, with revenue up 8.2% year over year.
• Positive Sentiment: Media outlook remains constructive: Sony Pictures CEO Ravi Ahuja said he is encouraged by box-office performance this year and described YouTube as a partner rather than a competitor, suggesting confidence in theatrical releases and broader content-distribution opportunities. CNBC interview with Sony Pictures CEO
• Neutral Sentiment: New film and Crunchyroll projects, including a planned global release of Makoto Shinkai’s next film, could strengthen Sony’s entertainment pipeline, but the financial impact and timing are not yet clear. Crunchyroll acquisition report
• Negative Sentiment: Large investment and long lead time: The image-sensor venture requires substantial capital before production begins in 2029. Although Japanese subsidies may reduce the burden, construction, demand, and technology-execution risks could limit near-term earnings benefits.
• Negative Sentiment: Commentary questioning Sony’s all-digital PlayStation strategy highlights potential concerns about hardware adoption and the need for stronger digital-platform momentum. GameSpot analysis of Sony’s digital PlayStation strategy

Sony Profile

Sony Group Corporation NYSE: SONY is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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