Sony Corporation (NYSE:SONY) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in Sony Corporation (NYSE:SONY - Free Report) by 35.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,092 shares of the company's stock after buying an additional 29,523 shares during the period. Sequoia Financial Advisors LLC's holdings in Sony were worth $2,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Analysts LLC increased its stake in Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC increased its stake in Sony by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the period. Accent Capital Management LLC increased its stake in Sony by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares during the period. City Holding Co. purchased a new stake in shares of Sony during the first quarter worth approximately $30,000. Finally, Operose Advisors LLC increased its stake in shares of Sony by 400.0% during the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after buying an additional 1,216 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Stock Up 3.1%

SONY traded up $0.78 on Friday, reaching $26.32. The company's stock had a trading volume of 6,147,429 shares, compared to its average volume of 4,392,176. The stock has a 50 day moving average of $25.52 and a two-hundred day moving average of $23.73. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $159.20 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 12.67 and a beta of 0.96. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SONY shares. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wolfe Research restated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Finally, The Goldman Sachs Group started coverage on shares of Sony in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Two equities research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.