Bailard Inc. Sells 67,498 Shares of Sony Corporation (NYSE:SONY)

Bailard Inc. decreased its stake in Sony Corporation (NYSE:SONY - Free Report) by 41.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,714 shares of the company's stock after selling 67,498 shares during the quarter. Bailard Inc.'s holdings in Sony were worth $2,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC lifted its stake in Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares in the last quarter. City Holding Co. acquired a new position in Sony in the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in Sony in the 1st quarter worth about $31,000. Accent Capital Management LLC increased its position in Sony by 400.0% in the 4th 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 last quarter. Finally, Operose Advisors LLC increased its position 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 purchasing an additional 1,216 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Performance

Shares of NYSE SONY traded down $0.48 during trading hours on Friday, hitting $23.93. 3,078,481 shares of the company's stock were exchanged, compared to its average volume of 4,446,920. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The stock has a market capitalization of $144.72 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 11.73 and a beta of 0.94. The company's 50-day moving average price is $25.49 and its 200-day moving average price is $24.09.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. The Goldman Sachs Group started coverage on Sony in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two 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. According to MarketBeat.com, Sony currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Company 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.