Sony Corporation (NYSE:SONY) Stock Holdings Reduced by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in Sony Corporation (NYSE:SONY - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,060 shares of the company's stock after selling 11,130 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Sony were worth $966,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SONY. Capital Analysts LLC increased its position in shares of Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the period. City Holding Co. acquired a new position in shares of Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Sony during the 1st quarter valued at $31,000. Accent Capital Management LLC increased its position in shares of Sony by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. Finally, Operose Advisors LLC increased its position in shares of Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SONY. Wall Street Zen cut 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Price Performance

Shares of NYSE SONY traded down $0.52 during mid-day trading on Friday, reaching $24.87. The company had a trading volume of 3,727,034 shares, compared to its average volume of 4,529,687. 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 stock has a market cap of $150.38 billion, a PE ratio of 20.15, a P/E/G ratio of 12.20 and a beta of 0.94. The company has a 50-day moving average price of $25.49 and a two-hundred day moving average price of $24.21. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.94.

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.