9,615 Shares in Sony Corporation $SONY Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. has acquired a new stake in Sony Corporation, purchasing 9,615 shares valued at approximately $250,000.
• Several institutional investors have also taken new positions in Sony recently, indicating growing interest, with a total of 14.05% of the stock owned by institutional investors.
• Analysts have recently downgraded Sony's rating from "buy" to "hold," but it still holds a "Moderate Buy" average rating with a target price of $28.00.

Contravisory Investment Management Inc. acquired a new position in Sony Corporation (NYSE:SONY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,615 shares of the company's stock, valued at approximately $250,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Sony by 422.0% in the fourth 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 last quarter. Deutsche Bank AG boosted its position in shares of Sony by 370.9% in the fourth quarter. Deutsche Bank AG now owns 11,585 shares of the company's stock valued at $245,000 after acquiring an additional 9,125 shares during the period. Janus Henderson Group PLC raised its stake in Sony by 400.0% during the fourth quarter. Janus Henderson Group PLC now owns 27,015 shares of the company's stock worth $572,000 after acquiring an additional 21,612 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $48,000 after buying an additional 1,380 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in Sony by 464.3% in the 4th quarter. Nuveen Asset Management LLC now owns 42,653 shares of the company's stock valued at $903,000 after buying an additional 35,095 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of SONY traded up $0.24 during trading hours on Monday, reaching $29.60. 1,234,240 shares of the company's stock traded hands, compared to its average volume of 4,991,225. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $26.81 and its 200-day simple moving average is $25.57. The stock has a market cap of $178.98 billion, a PE ratio of 23.49 and a beta of 0.94. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.25.

Sony (NYSE:SONY - Get Free Report) last announced 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. Sony had a return on equity of 13.88% and a net margin of 9.14%.The firm had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the prior year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities analysts expect that Sony Corporation will post 1.23 EPS for the current 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.