Resonant Capital Advisors LLC Makes New $308,000 Investment in Sony Corporation (NYSE:SONY)

Resonant Capital Advisors LLC acquired a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,133 shares of the company's stock, valued at approximately $308,000.

A number of other large investors have also made changes to their positions in the business. Moody Lynn & Lieberson LLC purchased a new position in shares of Sony during the first quarter worth $1,504,000. Aaron Wealth Advisors LLC grew its position in Sony by 4.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 52,571 shares of the company's stock worth $1,335,000 after purchasing an additional 2,338 shares during the period. WCM Investment Management LLC raised its stake in shares of Sony by 34.6% during the 1st quarter. WCM Investment Management LLC now owns 137,675 shares of the company's stock valued at $3,454,000 after buying an additional 35,406 shares during the last quarter. Fedenia Advisers LLC lifted its holdings in shares of Sony by 15.7% in the 1st quarter. Fedenia Advisers LLC now owns 23,410 shares of the company's stock valued at $594,000 after buying an additional 3,172 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of Sony by 1.8% in the first quarter. Keybank National Association OH now owns 106,778 shares of the company's stock worth $2,711,000 after buying an additional 1,922 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. The Goldman Sachs Group started coverage on Sony in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Stock Performance

NYSE SONY opened at $25.60 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.95. The stock has a 50-day moving average of $25.62 and a 200 day moving average of $23.85. The stock has a market capitalization of $154.82 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 12.29 and a beta of 0.94.

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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