Sony Corporation $SONY Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Sony position by 12.5% in the third quarter, acquiring 59,016 additional shares and bringing its holdings to 530,320 shares valued at approximately $12.46 million. Institutional investors and hedge funds collectively own 14.05% of Sony.
• Sony insiders sold 598,227 shares worth about $13.49 million during the last quarter. Two reported sales reduced individual insider holdings by roughly 26% and 31%, respectively; insiders retain a 7% ownership stake.
• Analyst sentiment remains a “Moderate Buy”, with 12 Buy, four Hold and one Sell rating and a consensus price target of $373. Sony also exceeded quarterly EPS and revenue expectations, reporting $0.36 EPS and $17.45 billion in revenue, up 8.2% year over year.

TD Waterhouse Canada Inc. lifted its position in Sony Corporation (NYSE:SONY - Free Report) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,320 shares of the company's stock after acquiring an additional 59,016 shares during the period. TD Waterhouse Canada Inc.'s holdings in Sony were worth $12,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wedmont Private Capital increased its holdings in Sony by 3.2% in the third quarter. Wedmont Private Capital now owns 13,630 shares of the company's stock valued at $326,000 after buying an additional 427 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Sony by 8.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,272 shares of the company's stock worth $126,000 after acquiring an additional 481 shares in the last quarter. Hardy Reed LLC boosted its stake in shares of Sony by 3.3% during the 1st quarter. Hardy Reed LLC now owns 18,446 shares of the company's stock worth $382,000 after acquiring an additional 584 shares in the last quarter. Key Financial Inc boosted its stake in shares of Sony by 2.5% during the 1st quarter. Key Financial Inc now owns 24,867 shares of the company's stock worth $515,000 after acquiring an additional 602 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Sony by 56.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,736 shares of the company's stock worth $36,000 after acquiring an additional 627 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sony

In related news, insider Tsuyoshi Kodera sold 17,100 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.72, for a total value of $388,512.00. Following the sale, the insider owned 47,508 shares of the company's stock, valued at approximately $1,079,381.76. This represents a 26.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kenji Tanaka sold 20,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $23.83, for a total value of $476,600.00. Following the completion of the sale, the insider directly owned 43,899 shares in the company, valued at approximately $1,046,113.17. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 598,227 shares of company stock valued at $13,488,286. Company insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SONY. Weiss Ratings restated a "sell (d+)" rating on shares of Sony in a report on Monday, August 17th. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Benchmark reaffirmed a "buy" rating on shares of Sony in a report on Monday, August 3rd. BNP Paribas Exane boosted their target price on Sony from $660.00 to $700.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, UBS Group decreased their target price on Sony from $560.00 to $525.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sony presently has a consensus rating of "Moderate Buy" and a consensus target price of $373.00.

Key Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony introduced an updated premium Walkman lineup, including the flagship gold-plated NW-WM1ZM3, the NW-WM1AM3 and the NW-ZX900. The products’ high prices target audiophiles and could support premium branding and niche hardware margins, although the financial contribution is likely modest. Sony premium Walkman lineup announcement
• Positive Sentiment: A new ECM-W5 wireless microphone system positions Sony against DJI and offers integration advantages for Sony camera users. This could strengthen Sony’s imaging ecosystem and accessory sales. Sony ECM-W5 microphone announcement
• Positive Sentiment: Sony Music Publishing formed a strategic partnership with Leader Entertainment, adding a potentially supportive development for Sony’s music-licensing and publishing operations. Sony Music Publishing partnership
• Neutral Sentiment: Sony’s $350 Midnight Black PS5 generated attention, but limited availability and the product’s likely lower-margin positioning make the near-term earnings impact unclear. Sony discounted PS5 report
• Negative Sentiment: Reports that the roughly two-year-old Xperia 10 VI will not receive Android 17 despite Sony’s stated software-update commitments could hurt consumer trust and weigh on Xperia’s competitiveness. Sony Xperia Android 17 update report

Sony Stock Performance

NYSE:SONY opened at $24.89 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $22.20. Sony Corporation has a twelve month low of $19.32 and a twelve month high of $30.34. The company has a market capitalization of $147.08 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99.

Sony (NYSE:SONY - Get Free Report) last announced its earnings results on Saturday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. The company had revenue of $17.45 billion during the quarter, compared to analysts' expectations of $17.17 billion. During the same quarter in the previous year, the business posted $42.84 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Sony Corporation will post 1.45 earnings per share for the current fiscal year.

Sony Profile

Sony Group Corporation is a Japan-based global entertainment and technology company whose businesses span games, music, motion pictures, electronics, imaging and financial services. The company develops and markets consumer and professional products, digital content, software and services through a portfolio of internationally recognized brands.

Sony's Game & Network Services business operates the PlayStation platform, including hardware, software, online services and related content.

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