Atria Wealth Solutions Inc. Sells 66,236 Shares of Sony Corporation $SONY

Key Points

• Atria Wealth Solutions Inc. decreased its stake in Sony Corporation by 75.9%, selling 66,236 shares and now holding only 21,058 shares valued at $548,000.
• Several large investors increased their holdings in Sony, with Allspring Global Investments raising its stake by 4,056.6% to own nearly 1.97 million shares worth approximately $50.3 million.
• Sony reported earnings of $0.30 per share for the last quarter, exceeding analysts' expectations, although total revenue fell short of projections at $17.79 billion.

Atria Wealth Solutions Inc. lowered its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 75.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,058 shares of the company's stock after selling 66,236 shares during the period. Atria Wealth Solutions Inc.'s holdings in Sony were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SONY. Wellington Management Group LLP bought a new position in shares of Sony during the first quarter worth approximately $78,905,000. Allspring Global Investments Holdings LLC increased its stake in 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 acquiring an additional 1,926,156 shares during the period. 1832 Asset Management L.P. increased its stake in 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 acquiring an additional 1,154,010 shares during the period. Ameriprise Financial Inc. increased its stake in 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 acquiring an additional 1,142,849 shares during the period. Finally, Todd Asset Management LLC increased its stake in 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 acquiring an additional 563,802 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Trading Up 1.5%

Shares of SONY stock opened at $28.92 on Monday. The stock's fifty day moving average price is $28.62 and its two-hundred day moving average price is $26.22. The company has a market cap of $174.87 billion, a PE ratio of 22.95 and a beta of 0.95. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.28. 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 for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same quarter last year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Equities analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SONY. Weiss Ratings restated a "buy (b)" rating on shares of Sony in a research note on Wednesday, October 8th. Cfra Research upgraded Sony to a "moderate buy" rating in a research note on Friday, October 10th. Finally, Zacks Research upgraded Sony from a "hold" rating to a "strong-buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $33.00.

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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