Pekin Hardy Strauss Inc. Sells 15,418 Shares of Sony Corporation (NYSE:SONY)

Pekin Hardy Strauss Inc. cut its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,599 shares of the company's stock after selling 15,418 shares during the quarter. Sony makes up 0.9% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 25th largest position. Pekin Hardy Strauss Inc.'s holdings in Sony were worth $7,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Capital Analysts LLC raised its holdings in shares of 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 purchasing an additional 936 shares during the period. Fairscale Capital LLC raised its holdings in shares of Sony by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares during the period. Accent Capital Management LLC raised its holdings in shares of Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. City Holding Co. bought a new stake in shares of Sony in the 1st quarter valued at about $30,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in shares of Sony in the 1st quarter valued at about $31,000. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SONY has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Finally, The Goldman Sachs Group started coverage on shares of Sony in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Stock Performance

Sony stock traded down $0.55 during trading hours on Thursday, hitting $24.62. The company had a trading volume of 6,565,061 shares, compared to its average volume of 4,426,011. The firm has a market cap of $148.90 billion, a PE ratio of 19.95, a PEG ratio of 12.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a one year low of $15.96 and a one year high of $26.95. The firm has a 50-day moving average of $25.59 and a 200 day moving average of $23.94.

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.