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

Oppenheimer Asset Management Inc. lessened its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Analysts LLC boosted its holdings in shares of Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares in the last quarter. City Holding Co. bought a new stake in shares of Sony in the 1st quarter valued at $30,000. Fairscale Capital LLC lifted its position in shares of Sony by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the period. Accent Capital Management LLC boosted its stake in Sony by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Operose Advisors LLC boosted its stake 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 acquiring an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Ratings Changes

SONY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on Sony in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sony currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Stock Up 3.1%

SONY traded up $0.78 during trading on Friday, hitting $26.32. 6,035,540 shares of the company's stock were exchanged, compared to its average volume of 4,387,559. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. The stock has a market cap of $159.20 billion, a P/E ratio of 21.33, a PEG ratio of 12.00 and a beta of 0.96. The business's 50 day moving average is $25.47 and its two-hundred day moving average is $23.69. 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 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.