Little House Capital LLC Buys 33,604 Shares of Sony Corporation $SONY

Key Points

• Little House Capital LLC increased its stake in Sony Corporation by 49.4%, acquiring an additional 33,604 shares, bringing its total holdings to 101,667 shares valued at $2,646,000.
• Sony's quarterly earnings surpassed expectations, reporting $0.30 earnings per share against a forecast of $0.24, despite lower than expected revenue of $17.79 billion.
• Analysts have recently set a consensus rating of "Buy" for Sony, with an average price target of $28.00, though one analyst downgraded the stock from "buy" to "hold."

Little House Capital LLC increased its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 49.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,667 shares of the company's stock after purchasing an additional 33,604 shares during the quarter. Little House Capital LLC's holdings in Sony were worth $2,646,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SONY. Brighton Jones LLC grew its stake in shares of Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock valued at $421,000 after purchasing an additional 16,094 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Sony by 370.9% during the fourth quarter. Deutsche Bank AG now owns 11,585 shares of the company's stock valued at $245,000 after purchasing an additional 9,125 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Sony by 400.0% during the fourth quarter. Janus Henderson Group PLC now owns 27,015 shares of the company's stock valued at $572,000 after purchasing an additional 21,612 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sony by 155.4% during the fourth 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. Finally, Nuveen Asset Management LLC lifted its holdings in Sony by 464.3% in the fourth quarter. Nuveen Asset Management LLC now owns 42,653 shares of the company's stock valued at $903,000 after buying an additional 35,095 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Trading Up 0.5%

Shares of NYSE SONY opened at $29.36 on Tuesday. The company's 50 day simple moving average is $26.45 and its 200 day simple moving average is $25.43. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $29.44. The firm has a market capitalization of $177.53 billion, a P/E ratio of 23.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $17.79 billion for 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 prior year, the business posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, analysts predict that Sony Corporation will post 1.23 EPS for the current year.

Analysts Set New Price Targets

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

About Sony

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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