Sony Corporation $SONY Shares Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. has increased its holdings in Sony Corporation by 18.7%, acquiring an additional 15,336 shares, bringing its total to 97,259 shares valued at $2,469,000.
• Sony's most recent earnings report showed EPS of $0.30, surpassing analysts' expectations of $0.24, albeit with revenue of $17.79 billion falling short of the $18.88 billion forecast.
• Wall Street analysts hold a consensus rating of "Buy" for Sony stock, with one firm recently downgrading it from a "buy" to a "hold" rating, while the average price target stands at $28.00.

Compound Planning Inc. increased its position in Sony Corporation (NYSE:SONY - Free Report) by 18.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,259 shares of the company's stock after acquiring an additional 15,336 shares during the period. Compound Planning Inc.'s holdings in Sony were worth $2,469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock valued at $421,000 after acquiring an additional 16,094 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Sony by 557.8% during the 4th quarter. Russell Investments Group Ltd. now owns 7,696 shares of the company's stock valued at $163,000 after buying an additional 6,526 shares in the last quarter. Barclays PLC lifted its stake in shares of Sony by 2,071.0% during the 4th quarter. Barclays PLC now owns 72,510 shares of the company's stock valued at $1,535,000 after buying an additional 69,170 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Sony by 535.9% during the 4th quarter. NewEdge Advisors LLC now owns 48,092 shares of the company's stock valued at $1,018,000 after buying an additional 40,529 shares in the last quarter. Finally, Commerce Bank lifted its stake in shares of Sony by 393.3% during the 4th quarter. Commerce Bank now owns 11,824 shares of the company's stock valued at $250,000 after buying an additional 9,427 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Stock Down 0.2%

NYSE:SONY traded down $0.05 during midday trading on Wednesday, reaching $27.84. 3,640,299 shares of the stock traded hands, compared to its average volume of 5,134,651. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $29.16. The business has a 50-day moving average of $25.70 and a two-hundred day moving average of $25.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market capitalization of $168.34 billion, a PE ratio of 22.09 and a beta of 0.91.

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