Highland Capital Management LLC Lowers Holdings in Sony Corporation (NYSE:SONY)

Highland Capital Management LLC decreased its holdings in Sony Corporation (NYSE:SONY - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,475 shares of the company's stock after selling 12,050 shares during the period. Highland Capital Management LLC's holdings in Sony were worth $5,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC increased its holdings in shares of 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. City Holding Co. bought a new stake in shares of Sony in the 1st quarter worth $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Sony in the 1st quarter worth $31,000. Fairscale Capital LLC increased its holdings in shares of Sony by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC increased its holdings in shares of 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. Institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, The Goldman Sachs Group started coverage on Sony in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sony currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Stock Performance

NYSE SONY traded up $0.78 on Friday, hitting $26.32. 6,147,429 shares of the company traded hands, compared to its average volume of 4,388,961. The company has a market capitalization of $159.20 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 12.30 and a beta of 0.96. 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 business's 50 day moving average price is $25.52 and its 200-day moving average price is $23.72. Sony Corporation has a 52-week low of $15.96 and a 52-week high of $26.95.

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.