52,150 Shares in Sony Corporation $SONY Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has acquired 52,150 shares of Sony Corporation valued at approximately $1.32 million, marking a new investment position in the company.
• Other institutional investors, including the Royal Bank of Canada, have significantly increased their holdings in Sony, reflecting growing institutional confidence.
• Sony's recent earnings report showed a profit of $0.30 per share, exceeding analysts' expectations, despite revenue falling short of estimates.

Integrity Alliance LLC. bought a new position in shares of Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 52,150 shares of the company's stock, valued at approximately $1,324,000.

Other hedge funds have also recently modified their holdings of the company. City Holding Co. bought a new position in shares of Sony during the 1st quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Sony in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new position in Sony in the 1st quarter valued at approximately $47,000. Ameliora Wealth Management Ltd. purchased a new position in Sony in the 1st quarter valued at approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sony by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after buying an additional 1,380 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.00.

Sony Price Performance

Shares of SONY traded up $0.15 during mid-day trading on Monday, reaching $29.36. 2,898,925 shares of the stock traded hands, compared to its average volume of 5,045,037. The firm has a fifty day moving average price of $26.37 and a 200 day moving average price of $25.40. The company has a market cap of $177.53 billion, a price-to-earnings ratio of 23.30 and a beta of 0.94. 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 Corporation has a 1 year low of $17.42 and a 1 year high of $29.44.

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, beating analysts' consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period in the previous year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

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.