Natural Investments LLC Buys 10,879 Shares of Sony Corporation $SONY

Key Points

• Natural Investments LLC increased its stake in Sony Corporation by 15.8%, acquiring an additional 10,879 shares, bringing its total holdings to 79,536 shares worth approximately $2.07 million.
• Sony reported $0.30 earnings per share for the last quarter, surpassing estimates of $0.24, though revenues fell short of expectations at $17.79 billion compared to $18.88 billion forecasted.
• Weiss Ratings issued a "buy" rating for Sony, with a consensus rating of "Moderate Buy" from analysts and an average price target of $33.00.

Natural Investments LLC raised its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,536 shares of the company's stock after purchasing an additional 10,879 shares during the quarter. Natural Investments LLC's holdings in Sony were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SONY. Bartlett & CO. Wealth Management LLC bought a new stake in Sony during the first quarter valued at approximately $31,000. Trust Co. of Toledo NA OH bought a new stake in Sony during the second quarter valued at approximately $39,000. Zions Bancorporation National Association UT bought a new stake in Sony during the first quarter valued at approximately $47,000. Financial Management Professionals Inc. lifted its position in Sony by 81.5% during the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock valued at $52,000 after purchasing an additional 889 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Sony during the first quarter valued at approximately $60,000. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 5.2%

Shares of SONY opened at $28.28 on Friday. The firm has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.28. The firm has a 50 day moving average price of $28.29 and a 200-day moving average price of $26.07.

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, topping analysts' consensus estimates of $0.24 by $0.06. The firm had revenue of $17.79 billion during 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 previous year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.