FNY Investment Advisers LLC purchased a new stake in Sony Corporation (NYSE:SONY - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 41,000 shares of the company's stock, valued at approximately $1,067,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital Investment Advisory Services LLC boosted its holdings in shares of Sony by 3.1% in the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after buying an additional 392 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Sony by 9.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after buying an additional 442 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of Sony by 4.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company's stock valued at $254,000 after buying an additional 442 shares during the period. Sowell Financial Services LLC boosted its holdings in shares of Sony by 3.7% in the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company's stock valued at $347,000 after buying an additional 474 shares during the period. Finally, First Foundation Advisors boosted its holdings in shares of Sony by 3.4% in the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company's stock valued at $369,000 after buying an additional 478 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SONY has been the subject of several research reports. Zacks Research raised shares of Sony from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Cfra Research upgraded shares of Sony to a "moderate buy" rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $33.00.
Read Our Latest Research Report on SONY
Sony Stock Down 0.2%
SONY stock opened at $29.14 on Wednesday. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.28. The company has a market capitalization of $176.23 billion, a price-to-earnings ratio of 23.13 and a beta of 0.95. The firm's 50-day moving average is $28.70 and its two-hundred day moving average is $26.29. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.
Sony (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS 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 company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, analysts forecast that Sony Corporation will post 1.23 earnings per share for the current fiscal year.
About Sony
(
Free Report)
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.
Further Reading
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