Bank of America Corp DE Purchases 1,413,785 Shares of Sony Corporation $SONY

Key Points

• Bank of America increased its Sony position by 9.1%, purchasing 1,413,785 additional shares to hold 16,992,579 shares worth approximately $351.7 million, or 0.29% of the company.
• Sony reported strong quarterly results, with revenue rising 8.2% year over year to $17.45 billion and EPS of $0.36 beating estimates. The company also raised its fiscal 2026 revenue outlook to approximately $81.7 billion, supported by gaming and image sensors.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $22 price target, while insiders sold 771,838 shares worth $16.9 million over the past three months.

Bank of America Corp DE lifted its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,992,579 shares of the company's stock after purchasing an additional 1,413,785 shares during the period. Bank of America Corp DE owned 0.29% of Sony worth $351,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Glenmede Investment Management LP lifted its position in shares of Sony by 1.0% in the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company's stock valued at $1,223,000 after buying an additional 416 shares during the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Sony by 2.5% during the 4th quarter. Nicolet Advisory Services LLC now owns 18,097 shares of the company's stock worth $456,000 after acquiring an additional 440 shares during the last quarter. Binnacle Investments Inc raised its stake in Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company's stock valued at $30,000 after acquiring an additional 464 shares during the period. Sunpointe LLC raised its stake in Sony by 5.5% in the 4th quarter. Sunpointe LLC now owns 9,454 shares of the company's stock valued at $242,000 after acquiring an additional 493 shares during the period. Finally, Parallel Advisors LLC raised its stake in Sony by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 32,735 shares of the company's stock valued at $838,000 after acquiring an additional 516 shares during the period. 14.05% of the stock is owned by institutional investors.

Key Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony reported first-quarter revenue of $17.45 billion, up 8.2% year over year and above the $17.17 billion consensus estimate. EPS of $0.36 also exceeded expectations of $0.28, while operating profit reportedly rose 40%, helped by gaming and image sensors. Sony posts 40% rise in Q1 profit, beating estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook, including revenue guidance of approximately $81.7 billion versus the $78.4 billion analyst consensus. The upgrade signals management expects continued momentum, particularly from the gaming business. SONY Q1 Earnings & Sales Rise on Gaming & Sensors
• Positive Sentiment: Music revenue increased sharply, with global music-business revenue topping $3.53 billion amid stronger vinyl, live-event and merchandise sales. This diversification supports Sony’s higher-margin entertainment strategy. Sony’s Global Music Business Revenue
• Positive Sentiment: Spider-Man: Brand New Day generated a record $72 million in domestic preview sales and is projected to approach $270 million in its opening weekend, improving the outlook for Sony Pictures and theatrical releases. Spider-Man: Brand New Day box office preview
• Positive Sentiment: Sony said it has secured sufficient memory supply for the PS5 units it expects to sell this year, reducing a potential hardware constraint ahead of anticipated demand tied to major game launches. Sony says it has plenty of RAM for PlayStation

Wall Street Analyst Weigh In

A number of research firms have commented on SONY. Wall Street Zen raised shares of Sony from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings reissued a "sell (d+)" rating on shares of Sony in a research report on Wednesday, May 20th. Finally, Benchmark restated a "buy" rating on shares of Sony in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.00.

Sony Stock Performance

SONY opened at $23.33 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94. The business has a fifty day simple moving average of $21.17 and a 200 day simple moving average of $21.54. Sony Corporation has a 1 year low of $19.32 and a 1 year high of $30.34. The company has a market capitalization of $137.84 billion, a PE ratio of -116.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92.

Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The firm had revenue of $17.45 billion for the quarter, compared to analysts' expectations of $17.17 billion. During the same quarter last year, the business earned $42.84 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts expect that Sony Corporation will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other Sony news, insider Ravi Ahuja sold 36,826 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total value of $776,292.08. Following the completion of the sale, the insider owned 58,786 shares of the company's stock, valued at $1,239,208.88. The trade was a 38.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hiroki Totoki sold 225,000 shares of the stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of $21.02, for a total transaction of $4,729,500.00. Following the transaction, the chief executive officer owned 173,250 shares in the company, valued at approximately $3,641,715. The trade was a 56.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 771,838 shares of company stock valued at $16,866,580 in the last three months. Insiders own 7.00% of the company's stock.

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.

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