Shufro Rose & Co. LLC Acquires Shares of 30,740 Sony Corporation (NYSE:SONY)

Key Points

• Shufro Rose & Co. LLC acquired 30,740 shares of Sony Corporation valued at approximately $780,000 during the 1st quarter, indicating a growing interest in the company.
• Several institutional investors have also increased their positions in Sony, with Capital Analysts LLC seeing a 400% increase in its holdings in the previous quarter.
• Sony's stock currently has an average analyst rating of "Moderate Buy" with a consensus target price of $28.00, reflecting investor optimism despite recent downgrades from some analysts.

Shufro Rose & Co. LLC acquired a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,740 shares of the company's stock, valued at approximately $780,000.

Several other large investors have also bought and sold shares of SONY. Capital Analysts LLC increased its position in shares of Sony by 400.0% during 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 last quarter. City Holding Co. purchased a new stake in Sony in the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Sony in the 1st quarter worth about $31,000. Operose Advisors LLC increased its holdings in Sony by 400.0% in the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after acquiring an additional 1,216 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sony by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after acquiring an additional 1,380 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

NYSE:SONY opened at $24.31 on Friday. 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 $26.94. The business has a 50 day moving average of $25.41 and a 200 day moving average of $24.31. The company has a market capitalization of $147.04 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 11.81 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SONY shares. Wolfe Research reissued a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Sony presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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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