Carrera Capital Advisors Increases Stock Position in Sony Corporation (NYSE:SONY)

Key Points

• Carrera Capital Advisors has increased its stake in Sony Corporation by 8.4%, now holding 148,545 shares valued at approximately $3.77 million.
• As of the latest SEC filings, institutional investors collectively own 14.05% of Sony's stock, with several hedge funds significantly boosting their positions in recent months.
• Sony's current stock trading price is $24.87, representing a 52-week range of $15.96 to $26.94, while it has a market cap of $150.38 billion.

Carrera Capital Advisors lifted its holdings in Sony Corporation (NYSE:SONY - Free Report) by 8.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 148,545 shares of the company's stock after purchasing an additional 11,533 shares during the period. Sony comprises 0.8% of Carrera Capital Advisors' holdings, making the stock its 21st biggest position. Carrera Capital Advisors' holdings in Sony were worth $3,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SONY. Capital Analysts LLC boosted its stake in Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares in the last quarter. Accent Capital Management LLC raised its position in Sony by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares during the last quarter. City Holding Co. purchased a new position in Sony during the 1st quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in Sony during the 1st quarter worth approximately $31,000. Finally, Operose Advisors LLC raised its position in Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after buying an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Trading Down 2.0%

Shares of SONY opened at $24.87 on Friday. Sony Corporation has a 52-week low of $15.96 and a 52-week high of $26.94. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average is $25.49 and its two-hundred day moving average is $24.24. The stock has a market cap of $150.38 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 11.96 and a beta of 0.94.

Analyst Ratings Changes

A number of equities analysts have issued reports on SONY shares. Wolfe Research reissued a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.00.

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.

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