Oppenheimer Asset Management Inc. Sells 28,873 Shares of Sony Corporation (NYSE:SONY)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 455,264 shares of the company's stock after selling 28,873 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Sony were worth $11,559,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Live Oak Private Wealth LLC boosted its stake in Sony by 11.5% during the 1st quarter. Live Oak Private Wealth LLC now owns 449,122 shares of the company's stock worth $11,403,000 after acquiring an additional 46,378 shares during the last quarter. Avantra Family Wealth Inc. boosted its position in shares of Sony by 45.2% during the first quarter. Avantra Family Wealth Inc. now owns 32,646 shares of the company's stock worth $829,000 after purchasing an additional 10,161 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of Sony in the 1st quarter valued at $90,000. Stonegate Investment Group LLC increased its position in shares of Sony by 2.6% in the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock valued at $429,000 after buying an additional 433 shares in the last quarter. Finally, Abundance Wealth Counselors acquired a new stake in Sony during the 1st quarter worth $117,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Up 2.4%

Shares of NYSE SONY traded up $0.58 during midday trading on Tuesday, reaching $25.00. The company's stock had a trading volume of 6,342,598 shares, compared to its average volume of 5,484,621. The stock has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $23.64. 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 $151.16 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 11.92 and a beta of 0.96. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.94.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SONY. The Goldman Sachs Group began coverage on Sony in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Two 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 data from MarketBeat, Sony currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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.