Corient IA LLC Acquires Shares of 17,500 Sony Corporation $SONY

Key Points

• Corient IA LLC has acquired a new position in Sony Corporation worth approximately $444,000, purchasing 17,500 shares in the first quarter.
• Several institutional investors, including Aristotle Capital Management LLC and Bank of America Corp DE, have significantly increased their stakes in Sony, with growth rates up to 609.6% in the last quarter.
• Sony's latest earnings report showed an earnings per share (EPS) of $0.30, exceeding analysts' expectations, although revenue fell short of estimates at $17.79 billion.

Corient IA LLC bought a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,500 shares of the company's stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC increased its holdings in Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the last quarter. City Holding Co. purchased a new stake in Sony during the first quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Sony during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in Sony during the first quarter valued at approximately $47,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Sony during the first quarter valued at approximately $56,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of NYSE:SONY traded down $0.1240 during midday trading on Wednesday, reaching $28.1160. 2,822,813 shares of the company were exchanged, compared to its average volume of 5,192,259. 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 business's fifty day moving average is $25.49 and its two-hundred day moving average is $24.84. Sony Corporation has a one year low of $17.42 and a one year high of $29.16. The stock has a market cap of $170.04 billion, a PE ratio of 22.31 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

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 issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Sony has a consensus rating of "Buy" and a consensus price target of $28.00.

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.