Sony Corporation $SONY Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC sold 26,627 shares of Sony Corporation, reducing its stake by 43.6%.
• Wall Street Zen downgraded Sony’s stock rating from "buy" to "hold", amidst mixed analyst ratings and an average target price of $28.00.
• Sony reported earnings of $0.30 EPS for the last quarter, exceeding estimates, while revenue fell short of forecasts at $17.79 billion.

Kovitz Investment Group Partners LLC lowered its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 43.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,449 shares of the company's stock after selling 26,627 shares during the period. Kovitz Investment Group Partners LLC's holdings in Sony were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SONY. Capital Analysts LLC lifted its holdings in Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares during the period. City Holding Co. purchased a new stake in shares of Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Sony during the 1st quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Sony during the 1st quarter valued at $47,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sony by 155.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after purchasing an additional 1,380 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

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

Sony Stock Performance

SONY stock traded up $0.9450 during midday trading on Friday, reaching $28.5750. The stock had a trading volume of 4,489,735 shares, compared to its average volume of 3,797,277. The stock has a market cap of $172.81 billion, a PE ratio of 22.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a fifty day simple moving average of $25.61 and a two-hundred day simple moving average of $24.95. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $29.16.

Sony (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same quarter last year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Sony Corporation will post 1.23 EPS for the current year.

Sony 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.