OneAscent Financial Services LLC Acquires 10,970 Shares of Sony Corporation (NYSE:SONY)

OneAscent Financial Services LLC grew its position in Sony Corporation (NYSE:SONY - Free Report) by 96.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,354 shares of the company's stock after acquiring an additional 10,970 shares during the quarter. OneAscent Financial Services LLC's holdings in Sony were worth $566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denali Advisors LLC purchased a new stake in Sony during the first quarter worth about $313,000. Private Advisor Group LLC lifted its position in Sony by 30.8% during the 1st quarter. Private Advisor Group LLC now owns 32,134 shares of the company's stock worth $816,000 after acquiring an additional 7,568 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Sony by 9.4% in the 1st quarter. Diversify Advisory Services LLC now owns 17,223 shares of the company's stock valued at $443,000 after purchasing an additional 1,485 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in Sony during the 1st quarter worth $242,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Sony in the first quarter valued at $303,000. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SONY has been the subject of a number of recent analyst reports. The Goldman Sachs Group began coverage on Sony in a 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 note on Monday, April 7th. Finally, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two investment 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. Based on data from MarketBeat, Sony currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Stock Up 0.7%

Shares of NYSE:SONY opened at $24.09 on Tuesday. The business has a fifty day moving average price of $25.49 and a two-hundred day moving average price of $24.13. The company has a market capitalization of $145.66 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 11.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a 1 year low of $15.96 and a 1 year high of $26.95.

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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