Sony Corporation (NYSE:SONY) Shares Purchased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in Sony Corporation by 30.6% during the first quarter, owning 481,381 shares valued at approximately $12.2 million.
• Several other institutional investors also adjusted their positions in Sony, with Capital Analysts LLC raising its position by 400% in the fourth quarter.
• Wall Street analysts have mixed views on Sony, with ratings ranging from "buy" to "hold," and a current average price target of $28.00.

Mackenzie Financial Corp raised its holdings in Sony Corporation (NYSE:SONY - Free Report) by 30.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 481,381 shares of the company's stock after acquiring an additional 112,746 shares during the quarter. Mackenzie Financial Corp's holdings in Sony were worth $12,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Analysts LLC lifted its position in shares of Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the last quarter. City Holding Co. acquired a new stake in Sony during the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony during the first quarter valued at $31,000. Operose Advisors LLC boosted its position in Sony by 400.0% during the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after purchasing an additional 1,216 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sony currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Trading Up 0.3%

SONY stock traded up $0.07 during midday trading on Friday, hitting $24.39. 4,949,700 shares of the company's stock were exchanged, compared to its average volume of 4,038,106. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.94. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $147.50 billion, a PE ratio of 19.77, a P/E/G ratio of 11.89 and a beta of 0.91. The business has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $24.37.

Sony Company 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.