Rossby Financial LCC acquired a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,412 shares of the company's stock, valued at approximately $460,000.
A number of other large investors also recently modified their holdings of the company. Capital Analysts LLC lifted its stake in shares of Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC increased its holdings in Sony by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Accent Capital Management LLC raised its position in Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after buying an additional 1,104 shares during the last quarter. City Holding Co. purchased a new stake in shares of Sony in the first quarter valued at about $30,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Sony during the first quarter worth about $31,000. 14.05% of the stock is currently owned by institutional investors.
Sony Stock Performance
Shares of SONY stock traded up $0.25 on Wednesday, hitting $25.72. 4,646,020 shares of the stock were exchanged, compared to its average volume of 4,415,740. The firm has a market capitalization of $155.55 billion, a PE ratio of 20.84, a P/E/G ratio of 12.54 and a beta of 0.94. Sony Corporation has a one year low of $15.96 and a one year high of $26.95. 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 firm's 50 day moving average is $25.58 and its two-hundred day moving average is $23.78.
Wall Street Analysts Forecast Growth
SONY has been the topic of several recent analyst reports. Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on Sony in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sony presently has an average rating of "Moderate Buy" and an average price target of $28.00.
Get Our Latest Report on SONY
Sony Profile
(
Free Report)
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.
Read More
Before you consider Sony, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony wasn't on the list.
While Sony currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
