Avantra Family Wealth Inc. Purchases 10,161 Shares of Sony Corporation (NYSE:SONY)

Avantra Family Wealth Inc. increased its position in Sony Corporation (NYSE:SONY - Free Report) by 45.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,646 shares of the company's stock after acquiring an additional 10,161 shares during the quarter. Avantra Family Wealth Inc.'s holdings in Sony were worth $829,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Analysts LLC boosted its position in shares of Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares during the period. City Holding Co. bought a new position in shares of Sony in the first quarter valued at approximately $30,000. Fairscale Capital LLC boosted its position in shares of Sony by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the period. Accent Capital Management LLC boosted its position in shares of Sony by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Sony by 400.0% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company's stock valued at $32,000 after acquiring an additional 1,200 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SONY. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Trading Down 4.5%

Shares of SONY opened at $24.71 on Friday. The company has a market capitalization of $149.42 billion, a P/E ratio of 20.02, a P/E/G ratio of 11.89 and a beta of 0.96. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The firm's 50 day simple moving average is $25.36 and its 200 day simple moving average is $23.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57.

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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