DAVENPORT & Co LLC Sells 40,117 Shares of Sony Corporation (NYSE:SONY)

DAVENPORT & Co LLC lessened its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,924 shares of the company's stock after selling 40,117 shares during the quarter. DAVENPORT & Co LLC's holdings in Sony were worth $4,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC lifted its position in Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC lifted its holdings in shares of Sony by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the period. Accent Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,104 shares during the period. City Holding Co. acquired a new stake in shares of Sony during the 1st quarter valued at about $30,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Sony in the first quarter valued at about $31,000. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 0.4%

Shares of SONY traded down $0.11 during trading hours on Friday, reaching $25.60. The stock had a trading volume of 2,282,827 shares, compared to its average volume of 4,414,734. The company has a market cap of $154.82 billion, a P/E ratio of 20.75, a P/E/G ratio of 12.38 and a beta of 0.94. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. Sony Corporation has a 52 week low of $15.96 and a 52 week high of $26.95. The firm has a 50-day moving average of $25.61 and a 200 day moving average of $23.82.

Analyst Ratings Changes

SONY has been the topic of a number of recent research reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group initiated coverage on Sony in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

About Sony

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.