Ieq Capital LLC Buys 12,949 Shares of Sony Corporation $SONY

Key Points

• Ieq Capital LLC increased its holdings in Sony Corporation by 39.4% in Q1, acquiring an additional 12,949 shares, bringing its total to 45,786 shares valued at approximately $1.16 million.
• Institutional investors currently own 14.05% of Sony's stock, with recent new stakes from several firms, indicating growing institutional interest.
• Analysts have downgraded Sony from a "buy" to a "hold" rating, with the company maintaining an average price target of $28.00 despite mixed earnings results.

Ieq Capital LLC grew its position in Sony Corporation (NYSE:SONY - Free Report) by 39.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,786 shares of the company's stock after acquiring an additional 12,949 shares during the period. Ieq Capital LLC's holdings in Sony were worth $1,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SONY. Capital Investment Advisory Services LLC increased its position in Sony by 3.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock worth $329,000 after purchasing an additional 392 shares in the last quarter. Stonegate Investment Group LLC increased its position in Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock worth $429,000 after purchasing an additional 433 shares in the last quarter. Hexagon Capital Partners LLC increased its position in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock worth $135,000 after purchasing an additional 442 shares in the last quarter. First Foundation Advisors grew its holdings in Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company's stock worth $369,000 after acquiring an additional 478 shares during the last quarter. Finally, Naviter Wealth LLC grew its holdings in Sony by 0.4% during the 1st quarter. Naviter Wealth LLC now owns 138,840 shares of the company's stock worth $3,483,000 after acquiring an additional 530 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Trading Up 3.0%

Shares of NYSE:SONY traded up $0.82 during trading on Thursday, reaching $27.85. The stock had a trading volume of 3,224,763 shares, compared to its average volume of 5,098,518. The firm's fifty day moving average is $25.98 and its 200 day moving average is $25.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $29.16. The stock has a market cap of $168.40 billion, a price-to-earnings ratio of 22.10 and a beta of 0.94.

Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same period in the prior year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sony Corporation will post 1.23 EPS for the current fiscal year.

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.