Sony Corporation $SONY Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC has reduced its stake in Sony Corporation by 6.8%, selling 71,863 shares and owning 987,378 shares worth approximately $25 million after the sale.
• In its latest earnings report, Sony posted an EPS of $0.30, exceeding expectations, but its revenue of $17.79 billion fell short of the projected $18.88 billion.
• Sony's stock has risen 3.6%, with a current price of $28.73 and a market cap of $173.75 billion, maintaining a Moderate Buy rating from analysts.

Cambiar Investors LLC decreased its stake in Sony Corporation (NYSE:SONY - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 987,378 shares of the company's stock after selling 71,863 shares during the period. Cambiar Investors LLC's holdings in Sony were worth $25,070,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SONY. Brighton Jones LLC lifted its holdings in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after purchasing an additional 16,094 shares during the last quarter. Alliancebernstein L.P. bought a new position in Sony in the 4th quarter worth approximately $200,000. Russell Investments Group Ltd. grew its holdings in Sony by 557.8% in the 4th quarter. Russell Investments Group Ltd. now owns 7,696 shares of the company's stock worth $163,000 after buying an additional 6,526 shares in the last quarter. Invesco Ltd. grew its holdings in Sony by 344.9% in the 4th quarter. Invesco Ltd. now owns 1,186,971 shares of the company's stock worth $25,116,000 after buying an additional 920,194 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Sony in the 4th quarter worth approximately $231,000. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

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

Sony Price Performance

NYSE SONY traded up $1.0250 on Friday, reaching $28.6550. 2,466,066 shares of the stock traded hands, compared to its average volume of 5,160,807. The firm's fifty day simple moving average is $25.56 and its 200 day simple moving average is $24.91. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $173.30 billion, a price-to-earnings ratio of 22.74 and a beta of 0.91. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $29.16.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period last year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony 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.