Sony Corporation $SONY Shares Purchased by Farley Capital L.P.

Farley Capital L.P. raised its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 39.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,350 shares of the company's stock after acquiring an additional 9,100 shares during the period. Sony makes up 0.7% of Farley Capital L.P.'s holdings, making the stock its 13th largest position. Farley Capital L.P.'s holdings in Sony were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital Investment Advisory Services LLC raised its stake in shares of Sony by 3.1% during the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after purchasing an additional 392 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Sony by 9.0% during the first quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after purchasing an additional 442 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Sony by 4.7% during the second quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company's stock valued at $254,000 after purchasing an additional 442 shares during the last quarter. Sowell Financial Services LLC increased its stake in Sony by 3.7% in the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company's stock worth $347,000 after purchasing an additional 474 shares in the last quarter. Finally, First Foundation Advisors raised 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 buying an additional 478 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Price Performance

NYSE:SONY opened at $28.72 on Thursday. 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 one year low of $17.42 and a one year high of $30.28. The company has a fifty day moving average price of $28.71 and a 200 day moving average price of $26.31. The stock has a market cap of $173.68 billion, a P/E ratio of 22.79 and a beta of 0.95.

Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion for 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 EPS. Sony has set its FY 2025 guidance at EPS. Analysts anticipate that Sony Corporation will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SONY shares. Cfra Research upgraded shares of Sony to a "moderate buy" rating in a research report on Friday, October 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sony from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sony presently has a consensus rating of "Buy" and an average price target of $33.00.

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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