J. Safra Sarasin Holding AG Has $4.11 Million Holdings in Sony Corporation (NYSE:SONY)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Sony Corporation by 18.0% in Q1, acquiring an additional 24,772 shares, bringing its total holdings to 162,037 shares valued at approximately $4.1 million.
• Additionally, several hedge funds including Banco Santander S.A. and PNC Financial Services have made significant adjustments to their positions in Sony, indicating strong institutional interest in the company.
• The current consensus rating for Sony's stock is "Moderate Buy" with a price target of $28.00, amid mixed ratings from various analysts.

J. Safra Sarasin Holding AG raised its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,037 shares of the company's stock after purchasing an additional 24,772 shares during the period. J. Safra Sarasin Holding AG's holdings in Sony were worth $4,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Aristotle Capital Management LLC grew its stake in Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Bank of America Corp DE increased its stake in Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI increased its position in shares of Sony by 377.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after purchasing an additional 8,157,776 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in Sony by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Sony by 609.6% in the 4th quarter. Northern Trust Corp now owns 7,587,683 shares of the company's stock valued at $160,555,000 after purchasing an additional 6,518,412 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research restated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Two investment 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Sony Trading Down 1.2%

Shares of SONY traded down $0.30 during mid-day trading on Tuesday, reaching $24.47. 642,291 shares of the company were exchanged, compared to its average volume of 5,245,212. Sony Corporation has a 52 week low of $16.41 and a 52 week high of $26.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70. The stock has a market capitalization of $147.96 billion, a PE ratio of 19.83, a PEG ratio of 11.89 and a beta of 0.91. The business has a 50 day simple moving average of $25.37 and a two-hundred day simple moving average of $24.43.

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.