Sony Corporation $SONY Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Sony Corporation by 17.6% during the 2nd quarter, acquiring an additional 87,649 shares for a total of 585,467 shares valued at approximately $15.24 million.
• Sony's stock opened at $28.96 and has a market cap of $175.11 billion, alongside a P/E ratio of 22.98 and a consensus rating of "Moderate Buy" from analysts.
• In its latest quarterly earnings report, Sony reported an EPS of $0.30, surpassing estimates, but its revenue fell short of expectations at $17.79 billion compared to the consensus estimate of $18.88 billion.

QRG Capital Management Inc. boosted its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 585,467 shares of the company's stock after acquiring an additional 87,649 shares during the period. QRG Capital Management Inc.'s holdings in Sony were worth $15,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock valued at $421,000 after buying an additional 16,094 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Sony by 97,250.0% in the 1st quarter. NBC Securities Inc. now owns 3,894 shares of the company's stock valued at $98,000 after buying an additional 3,890 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Sony in the 1st quarter valued at $278,000. First Affirmative Financial Network acquired a new position in shares of Sony in the 1st quarter valued at $255,000. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Sony by 4.1% in the 1st quarter. Sivia Capital Partners LLC now owns 17,841 shares of the company's stock valued at $453,000 after buying an additional 706 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Stock Up 3.1%

Shares of Sony stock opened at $28.96 on Friday. The company has a market cap of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95. 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 one year low of $17.42 and a one year high of $30.25. The firm has a fifty day moving average of $27.76 and a two-hundred day moving average of $25.93.

Sony (NYSE:SONY - Get Free Report) last announced 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 prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

About Sony

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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