Natixis Advisors LLC Has $52.26 Million Position in Sony Corporation (NYSE:SONY)

Key Points

• Natixis Advisors LLC has reduced its holdings in Sony Corporation by 6.7%, owning approximately 2,058,398 shares valued at $52.26 million after selling 148,514 shares in the first quarter.
• Overall, 14.05% of Sony's stock is owned by institutional investors and hedge funds, with several funds increasing their positions during the same quarter.
• Analysts have downgraded Sony from a "buy" to a "hold" rating, with an average price target of $28.00 and a current rating of "Moderate Buy."

Natixis Advisors LLC decreased its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,058,398 shares of the company's stock after selling 148,514 shares during the period. Natixis Advisors LLC's holdings in Sony were worth $52,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC raised its position in Sony by 3.1% during the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after acquiring an additional 392 shares in the last quarter. Stonegate Investment Group LLC raised its position in Sony by 2.6% during the first quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock valued at $429,000 after acquiring an additional 433 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Sony by 9.0% during the first quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after acquiring an additional 442 shares in the last quarter. First Foundation Advisors raised its position in Sony by 3.4% during the first quarter. First Foundation Advisors now owns 14,543 shares of the company's stock valued at $369,000 after acquiring an additional 478 shares in the last quarter. Finally, Naviter Wealth LLC raised its position in Sony by 0.4% during the first quarter. Naviter Wealth LLC now owns 138,840 shares of the company's stock valued at $3,483,000 after acquiring an additional 530 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sony Stock Performance

Shares of NYSE:SONY traded up $0.07 during trading on Friday, reaching $24.39. The stock had a trading volume of 4,949,700 shares, compared to its average volume of 4,038,106. The stock has a fifty day simple moving average of $25.38 and a two-hundred day simple moving average of $24.37. The firm has a market capitalization of $147.50 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 11.89 and a beta of 0.91. 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 Corporation has a 52 week low of $15.96 and a 52 week high of $26.94.

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.