Banco Santander S.A. Boosts Holdings in Sony Corporation (NYSE:SONY)

Key Points

• Banco Santander S.A. increased its stake in Sony Corporation by 33.0%, owning 43,350 shares worth approximately $1.1 million after acquiring an additional 10,750 shares.
• Analysts have mixed views on Sony, with an average rating of “Moderate Buy” and an average target price of $28.00, as some firms have downgraded the stock from "buy" to "hold."
• Sony stock saw a minor increase of 0.3%, with a current market price of $24.39 and a market capitalization of $147.50 billion.

Banco Santander S.A. raised its stake in Sony Corporation (NYSE:SONY - Free Report) by 33.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,350 shares of the company's stock after acquiring an additional 10,750 shares during the quarter. Banco Santander S.A.'s holdings in Sony were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Analysts LLC raised its holdings in 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 buying an additional 936 shares during the last quarter. City Holding Co. bought a new position in Sony in the 1st quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC bought a new position in Sony in the 1st quarter valued at approximately $31,000. Operose Advisors LLC increased its position in Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sony by 155.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock valued at $48,000 after purchasing an additional 1,380 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Stock Down 1.0%

SONY traded down $0.25 during mid-day trading on Tuesday, reaching $24.51. 3,702,554 shares of the stock were exchanged, compared to its average volume of 4,200,161. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70. The stock has a market capitalization of $148.20 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 12.08 and a beta of 0.91. The company has a 50 day moving average price of $25.33 and a two-hundred day moving average price of $24.43. Sony Corporation has a 1 year low of $16.41 and a 1 year high of $26.94.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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 reissued a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. 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 MarketBeat, Sony presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

About Sony

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.