Graham Capital Management L.P. Buys 19,951 Shares of Sony Corporation $SONY

Key Points

• Graham Capital Management L.P. increased its stake in Sony Corporation by 24.5%, owning 101,303 shares valued at approximately $2.57 million.
• A number of institutional investors have recently changed their positions in Sony, with a collective ownership of 14.05% of the stock.
• Wall Street Zen downgraded Sony's rating from "buy" to "hold", while the consensus rating remains at "Buy" with an average price target of $28.00.

Graham Capital Management L.P. raised its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,303 shares of the company's stock after buying an additional 19,951 shares during the period. Graham Capital Management L.P.'s holdings in Sony were worth $2,572,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SONY. City Holding Co. bought a new position in shares of Sony in the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony in the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Sony in the first quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sony by 155.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after purchasing an additional 1,380 shares during the period. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Sony during the first quarter worth about $56,000. 14.05% of the stock is currently owned by institutional investors.

Sony Price Performance

NYSE SONY traded up $0.82 during trading on Thursday, reaching $27.85. 3,224,763 shares of the company traded hands, compared to its average volume of 5,098,518. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The stock's 50 day moving average price is $25.98 and its two-hundred day moving average price is $25.21. The company has a market cap of $168.40 billion, a price-to-earnings ratio of 22.10 and a beta of 0.94. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $29.16.

Sony (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.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 business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sony Corporation will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sony presently has an average rating of "Buy" and an average target price 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.