Sony Corporation (NYSE:SONY) Position Boosted by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in Sony Corporation (NYSE:SONY - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,779 shares of the company's stock after acquiring an additional 13,493 shares during the quarter. Ballentine Partners LLC's holdings in Sony were worth $2,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Primecap Management Co. CA raised its position in Sony by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC increased its stake in Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares in the last quarter. Bank of America Corp DE raised its holdings in Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its holdings in Sony by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after buying an additional 8,157,776 shares during the period. Finally, Mondrian Investment Partners LTD raised its holdings in Sony by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after buying an additional 7,925,643 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Down 0.9%

NYSE:SONY traded down $0.23 on Friday, hitting $24.42. 4,544,442 shares of the company's stock traded hands, compared to its average volume of 4,413,994. 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 1 year low of $15.96 and a 1 year high of $26.95. The firm has a 50-day moving average price of $25.56 and a 200-day moving average price of $24.00. The company has a market cap of $147.68 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 11.74 and a beta of 0.94.

Analysts Set New Price Targets

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