LVW Advisors LLC Takes $549,000 Position in Sony Corporation $SONY

Key Points

• LVW Advisors LLC has acquired a new position in Sony Corporation worth approximately $549,000, purchasing 21,077 shares in the 2nd quarter.
• Sony Corporation reported $0.30 earnings per share for its most recent quarter, beating estimates, but its revenue was below expectations at $17.79 billion.
• The company has a market capitalization of $180.22 billion and a price-to-earnings ratio of 23.65.

LVW Advisors LLC purchased a new position in Sony Corporation (NYSE:SONY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,077 shares of the company's stock, valued at approximately $549,000.

Several other large investors have also recently modified their holdings of the stock. City Holding Co. purchased a new position in Sony in the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Sony during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Sony during the 1st quarter worth approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 buying an additional 1,380 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock worth $52,000 after purchasing an additional 889 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

SONY opened at $29.80 on Friday. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.25. The business's fifty day simple moving average is $27.36 and its 200-day simple moving average is $25.77. The company has a market capitalization of $180.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.94. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate 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 company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Sony Corporation will post 1.23 earnings per share for the current fiscal 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.

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