Live Oak Private Wealth LLC Has $11.40 Million Stock Position in Sony Corporation (NYSE:SONY)

Live Oak Private Wealth LLC increased its stake in Sony Corporation (NYSE:SONY - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,122 shares of the company's stock after buying an additional 46,378 shares during the quarter. Sony makes up 1.8% of Live Oak Private Wealth LLC's holdings, making the stock its 15th biggest position. Live Oak Private Wealth LLC's holdings in Sony were worth $11,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. Primecap Management Co. CA raised its position in Sony by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC raised its holdings in shares of Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC lifted its stake in Sony by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the last quarter. Bank of America Corp DE grew its holdings in Sony by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after purchasing an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI increased its position in Sony by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after buying an additional 8,157,776 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Price Performance

NYSE:SONY opened at $24.71 on Monday. Sony Corporation has a 52 week low of $15.96 and a 52 week high of $26.95. 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 firm's 50-day simple moving average is $25.36 and its 200 day simple moving average is $23.61. The firm has a market cap of $149.42 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 11.92 and a beta of 0.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on Sony in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Finally, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

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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