Sony Corporation (NYSE:SONY) Shares Purchased by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd has increased its stake in Sony Corporation by 116.5%, now owning 78,065 shares valued at approximately $1.98 million.
• Multiple institutional investors have also made significant adjustments to their positions in Sony, with some reporting increases in stake sizes of up to 400%.
• Wall Street analysts recently downgraded Sony's stock rating from "buy" to "hold," suggesting a more cautious outlook despite the stock's current consensus rating of "Moderate Buy."

Y.D. More Investments Ltd grew its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 116.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,065 shares of the company's stock after purchasing an additional 42,000 shares during the quarter. Y.D. More Investments Ltd's holdings in Sony were worth $1,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Analysts LLC grew its stake in Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares during the last quarter. City Holding Co. acquired a new position in shares of Sony during the first quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony in the 1st quarter worth about $31,000. Operose Advisors LLC boosted its position 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. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Sony in the 1st quarter valued at approximately $56,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Trading Up 1.5%

Sony stock opened at $24.90 on Thursday. Sony Corporation has a 52 week low of $16.69 and a 52 week high of $26.94. 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 firm has a market capitalization of $150.56 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 11.97 and a beta of 0.91. The company has a 50 day moving average price of $25.30 and a 200 day moving average price of $24.43.

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.

Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corporation (NYSE:SONY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.