Sequoia Financial Advisors LLC Boosts Holdings in Sony Corporation $SONY

Sequoia Financial Advisors LLC lifted its stake in Sony Corporation (NYSE:SONY - Free Report) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,542 shares of the company's stock after purchasing an additional 13,450 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Sony were worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Yousif Capital Management LLC raised its position in shares of Sony by 188.6% in the 2nd quarter. Yousif Capital Management LLC now owns 62,581 shares of the company's stock worth $1,629,000 after purchasing an additional 40,896 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Sony by 4,056.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company's stock worth $50,269,000 after buying an additional 1,926,156 shares in the last quarter. LRI Investments LLC increased its holdings in Sony by 8.2% in the 2nd quarter. LRI Investments LLC now owns 8,429 shares of the company's stock worth $219,000 after buying an additional 640 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Sony by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 365,936 shares of the company's stock worth $9,525,000 after buying an additional 35,901 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Sony by 32.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,650 shares of the company's stock worth $277,000 after buying an additional 2,583 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Trading Down 0.3%

Sony stock opened at $28.80 on Wednesday. The business has a 50-day simple moving average of $28.46 and a two-hundred day simple moving average of $26.12. The company has a market cap of $174.14 billion, a P/E ratio of 22.85 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $30.28.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Analysts predict that Sony Corporation will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.00.

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.

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