Sony Corporation $SONY Shares Acquired by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group significantly increased its stake in Sony Corporation, acquiring an additional 24,796 shares to bring its total holdings to 27,877 shares, valued at approximately $708,000.
• Sony's recent quarterly earnings report showed a net margin of 9.14% and a revenue of $17.79 billion, though it fell short of analysts' expectations of $18.88 billion.
• Wall Street analysts currently give Sony a consensus rating of "Moderate Buy" with a projected price target of $28.00.

Brooklyn Investment Group raised its stake in Sony Corporation (NYSE:SONY - Free Report) by 804.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,877 shares of the company's stock after purchasing an additional 24,796 shares during the quarter. Brooklyn Investment Group's holdings in Sony were worth $708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Analysts LLC lifted its holdings in shares of Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. City Holding Co. acquired a new position in shares of Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Sony during the 1st quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new position in shares of Sony during the 1st quarter valued at $47,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 valued at $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.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Stock Up 3.4%

Sony stock traded up $0.9450 during midday trading on Friday, hitting $28.5750. 4,489,735 shares of the stock were exchanged, compared to its average volume of 3,797,277. Sony Corporation has a 1 year low of $17.42 and a 1 year high of $29.16. The firm has a market cap of $172.81 billion, a P/E ratio of 22.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The company has a 50 day moving average price of $25.61 and a two-hundred day moving average price of $24.95.

Sony (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter in the previous year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

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.