Cookson Peirce & Co. Inc. Invests $791,000 in Sony Corporation $SONY

Key Points

• Cookson Peirce & Co. Inc. invested $791,000 in Sony Corporation by acquiring 30,400 shares during the second quarter.
• Research analysts are positive about Sony, with Cfra Research upgrading it to a "moderate buy" and Zacks Research upgrading it to a "strong-buy" rating.
• Sony's stock has seen a 52-week range from $17.42 to $30.28, with a current price of $28.72 and strong quarterly earnings exceeding estimates.

Cookson Peirce & Co. Inc. bought a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,400 shares of the company's stock, valued at approximately $791,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Sony in the first quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Sony in the second quarter valued at $39,000. Zions Bancorporation National Association UT purchased a new position in Sony during the first quarter worth about $47,000. Financial Management Professionals Inc. lifted its position in Sony by 81.5% during the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock worth $52,000 after buying an additional 889 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Sony in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SONY shares. Cfra Research upgraded Sony to a "moderate buy" rating in a research note on Friday, October 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Sony in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Sony from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sony has a consensus rating of "Buy" and a consensus target price of $33.00.

Sony Price Performance

Shares of NYSE:SONY opened at $28.72 on Thursday. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.28. The business has a 50-day moving average of $28.71 and a two-hundred day moving average of $26.31. The stock has a market capitalization of $173.68 billion, a P/E ratio of 22.79 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

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

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