Sony Corporation (NYSE:SONY) Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in Sony Corporation by 75.4%, now holding 7,000 shares valued at $178,000.
• Several hedge funds significantly increased their stakes in Sony, with Aristotle Capital Management boosting its holdings by 393.7% during the 4th quarter.
• Sony's stock has a current consensus rating of "Moderate Buy" with an average price target of $28.00 according to analyst ratings.

Generali Investments Towarzystwo Funduszy Inwestycyjnych cut its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company's stock after selling 21,425 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Sony were worth $178,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Analysts LLC grew its stake in shares of Sony by 400.0% in 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 in the last quarter. City Holding Co. purchased a new position in Sony in the first quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in Sony in the first quarter valued at about $31,000. Operose Advisors LLC boosted its holdings in Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sony by 155.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after purchasing an additional 1,380 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Performance

Shares of SONY traded down $0.31 during mid-day trading on Tuesday, hitting $24.46. The stock had a trading volume of 867,774 shares, compared to its average volume of 5,246,809. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $25.37 and its two-hundred day simple moving average is $24.43. The company has a market cap of $147.90 billion, a PE ratio of 19.83, a PEG ratio of 11.89 and a beta of 0.91. Sony Corporation has a fifty-two week low of $16.41 and a fifty-two week high of $26.94.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SONY. Wolfe Research reissued a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two 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 company. According to data from MarketBeat.com, Sony presently has an average rating of "Moderate Buy" and an average 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.