Sony Corporation $SONY Shares Bought by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC increased its holdings in Sony Corporation by 50.4%, acquiring additional shares worth approximately $785,000 during the second quarter.
• Numerous hedge funds, including Brighton Jones LLC and Deutsche Bank AG, have significantly boosted their investments in Sony, with increases of up to 422.0% and 370.9% respectively.
• Sony's shares opened at $29.80, reflecting a 0.1% decrease, and the company reported earnings of $0.30 per share, beating analysts' estimates.

Kathmere Capital Management LLC raised its holdings in Sony Corporation (NYSE:SONY - Free Report) by 50.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,163 shares of the company's stock after acquiring an additional 10,106 shares during the period. Kathmere Capital Management LLC's holdings in Sony were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after buying an additional 16,094 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Sony by 370.9% during the 4th quarter. Deutsche Bank AG now owns 11,585 shares of the company's stock worth $245,000 after buying an additional 9,125 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sony by 155.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company's stock worth $48,000 after buying an additional 1,380 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Sony by 464.3% during the 4th quarter. Nuveen Asset Management LLC now owns 42,653 shares of the company's stock worth $903,000 after buying an additional 35,095 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Sony by 333.8% during the 4th quarter. Tidal Investments LLC now owns 10,976 shares of the company's stock worth $232,000 after buying an additional 8,446 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Down 0.1%

Shares of NYSE SONY opened at $29.80 on Friday. The company has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $25.77. The company has a market capitalization of $180.22 billion, a P/E ratio of 23.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1 year low of $17.42 and a 1 year high of $30.25.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. The business 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 last year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sony Corporation will post 1.23 earnings per share for the current 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.

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