Greenleaf Trust Has $1.89 Million Holdings in Sony Corporation (NYSE:SONY)

Greenleaf Trust lessened its holdings in Sony Corporation (NYSE:SONY - Free Report) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,511 shares of the company's stock after selling 21,617 shares during the period. Greenleaf Trust's holdings in Sony were worth $1,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Analysts LLC grew its position in Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares in the last quarter. Accent Capital Management LLC grew its position in Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares in the last quarter. City Holding Co. bought a new stake in Sony in the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in Sony in the 1st quarter worth about $31,000. Finally, Operose Advisors LLC grew its position in Sony by 400.0% in the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after purchasing an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SONY shares. Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group assumed coverage on shares of Sony in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sony presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Stock Down 0.4%

Sony stock opened at $25.14 on Thursday. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.95. The firm has a 50 day moving average price of $25.59 and a 200-day moving average price of $23.94. The company has a market capitalization of $152.04 billion, a P/E ratio of 20.37, a P/E/G ratio of 12.13 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.

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.

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