Sony Corporation $SONY Shares Sold by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC reduced its stake in Sony Corporation by 19.2%, selling 62,643 shares during the second quarter, now holding 263,746 shares valued at $6.87 million.
• Analyst ratings indicate a "Moderate Buy" consensus for Sony stock, with five analysts giving a Buy rating and one a Hold rating, and an average target price of $28.00.
• Sony's quarterly earnings report showed an EPS of $0.30, exceeding expectations, despite revenues falling short at $17.79 billion against forecasted $18.88 billion.

Boston Common Asset Management LLC lessened its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,746 shares of the company's stock after selling 62,643 shares during the period. Boston Common Asset Management LLC's holdings in Sony were worth $6,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City Holding Co. acquired a new position in Sony during the first quarter worth $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony in the first quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new stake in Sony in the first quarter valued at $47,000. Financial Management Professionals Inc. grew its holdings in Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company's stock valued at $52,000 after purchasing an additional 889 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Sony in the first quarter valued at $56,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Ratings Changes

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

Sony Stock Up 3.1%

SONY opened at $28.96 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a market cap of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. The business's fifty day simple moving average is $27.76 and its 200 day simple moving average is $25.93.

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. The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same quarter last year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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.

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