Envestnet Asset Management Inc. Has $161.02 Million Stock Position in Sony Corporation (NYSE:SONY)

Envestnet Asset Management Inc. lessened its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,342,023 shares of the company's stock after selling 799,694 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Sony worth $161,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SONY. Capital Analysts LLC boosted its holdings in shares of Sony by 400.0% during 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. Accent Capital Management LLC boosted its stake 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 valued at $29,000 after buying 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 $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Sony during the 1st quarter valued at $31,000. Finally, Operose Advisors LLC increased its stake in shares of Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after acquiring an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Stock Down 0.4%

Sony stock traded down $0.11 during mid-day trading on Wednesday, hitting $25.14. 3,866,320 shares of the company's stock were exchanged, compared to its average volume of 4,422,745. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The stock has a 50 day moving average of $25.61 and a two-hundred day moving average of $23.93. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $152.04 billion, a P/E ratio of 20.37, a P/E/G ratio of 12.16 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SONY. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on Sony in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.