Sony Corporation $SONY is Pictet North America Advisors SA's 6th Largest Position

Key Points

• Pictet North America Advisors SA increased its stake in Sony Corporation by 10.2% in Q2, making it the firm’s 6th largest position with $37.74 million worth of shares.
• Sony's stock opened at $29.75, with a market capitalization of $179.89 billion, and a recent EPS of $0.30 that beat analyst estimates.
• Institutional investors own 14.05% of Sony's stock, with several firms, including GAMMA Investing LLC, increasing their holdings during the same period.

Pictet North America Advisors SA lifted its position in Sony Corporation (NYSE:SONY - Free Report) by 10.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,449,910 shares of the company's stock after purchasing an additional 134,373 shares during the period. Sony accounts for about 3.7% of Pictet North America Advisors SA's investment portfolio, making the stock its 6th biggest position. Pictet North America Advisors SA's holdings in Sony were worth $37,741,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Sony in the second quarter valued at approximately $69,000. GAMMA Investing LLC boosted its holdings in shares of Sony by 11.3% in the second quarter. GAMMA Investing LLC now owns 43,589 shares of the company's stock valued at $1,135,000 after purchasing an additional 4,410 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Sony by 8.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 16,059 shares of the company's stock valued at $418,000 after purchasing an additional 1,247 shares during the period. Sowell Financial Services LLC raised its stake in Sony by 3.7% in the second quarter. Sowell Financial Services LLC now owns 13,318 shares of the company's stock worth $347,000 after buying an additional 474 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in Sony by 3.5% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 39,923 shares of the company's stock worth $1,039,000 after buying an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Stock Performance

Shares of NYSE:SONY opened at $29.75 on Tuesday. The company has a market capitalization of $179.89 billion, a price-to-earnings ratio of 23.61 and a beta of 0.94. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $26.92 and a 200 day moving average of $25.61.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the previous year, the firm posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

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.

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