Little House Capital LLC Acquires New Position in Sony Corporation (NYSE:SONY)

Little House Capital LLC acquired a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 68,063 shares of the company's stock, valued at approximately $1,728,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Forum Financial Management LP grew its holdings in shares of Sony by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after purchasing an additional 97,130 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of Sony by 392.9% in the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Sony by 435.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock valued at $12,323,000 after purchasing an additional 473,700 shares in the last quarter. Sage Rhino Capital LLC grew its holdings in shares of Sony by 404.1% in the fourth quarter. Sage Rhino Capital LLC now owns 24,829 shares of the company's stock valued at $525,000 after purchasing an additional 19,904 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in shares of Sony by 387.9% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,112 shares of the company's stock valued at $955,000 after purchasing an additional 35,866 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sony Stock Up 3.1%

Shares of SONY opened at $26.32 on Friday. The company has a market cap of $159.20 billion, a PE ratio of 21.33, a P/E/G ratio of 12.30 and a beta of 0.96. The business has a fifty day moving average of $25.52 and a 200 day moving average of $23.72. Sony Corporation has a 52-week low of $15.96 and a 52-week high of $26.95. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24.

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.

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