Philip James Wealth Mangement LLC Takes $381,000 Position in Sony Corporation (NYSE:SONY)

Philip James Wealth Mangement LLC bought a new position in shares of Sony Corporation (NYSE:SONY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,997 shares of the company's stock, valued at approximately $381,000.

Several other large investors have also made changes to their positions in SONY. Bartlett & CO. Wealth Management LLC purchased a new position in Sony during the 1st quarter valued at approximately $31,000. PDS Planning Inc lifted its stake in Sony by 9.7% in the first quarter. PDS Planning Inc now owns 31,692 shares of the company's stock worth $805,000 after acquiring an additional 2,799 shares during the period. Cottonwood Capital Advisors LLC purchased a new position in shares of Sony in the 1st quarter worth approximately $251,000. Sequoia Financial Advisors LLC raised its position in shares of Sony by 35.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 113,092 shares of the company's stock valued at $2,871,000 after purchasing an additional 29,523 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in shares of Sony in the first quarter valued at about $60,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of SONY opened at $25.58 on Friday. The stock has a market cap of $154.72 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 12.00 and a beta of 0.96. 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. The firm has a fifty day moving average price of $25.47 and a 200 day moving average price of $23.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SONY shares. The Goldman Sachs Group began coverage on shares of Sony in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.

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