Stiles Financial Services Inc Has $1.68 Million Stock Position in Sony Corporation (NYSE:SONY)

Stiles Financial Services Inc reduced its position in Sony Corporation (NYSE:SONY - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,090 shares of the company's stock after selling 14,116 shares during the quarter. Stiles Financial Services Inc's holdings in Sony were worth $1,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after acquiring an additional 16,094 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Sony by 472.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 45,061 shares of the company's stock worth $961,000 after acquiring an additional 37,192 shares in the last quarter. Rhumbline Advisers raised its stake in Sony by 402.9% during the fourth quarter. Rhumbline Advisers now owns 93,240 shares of the company's stock worth $1,973,000 after acquiring an additional 74,699 shares in the last quarter. Allworth Financial LP raised its stake in Sony by 413.7% during the fourth quarter. Allworth Financial LP now owns 9,499 shares of the company's stock worth $199,000 after acquiring an additional 7,650 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Sony by 426.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,623 shares of the company's stock worth $34,000 after acquiring an additional 1,315 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SONY. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group assumed coverage on Sony in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sony has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Price Performance

Shares of NYSE:SONY traded down $0.33 during midday trading on Monday, reaching $24.42. The company's stock had a trading volume of 8,938,176 shares, compared to its average volume of 4,370,310. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. The company has a market capitalization of $147.68 billion, a P/E ratio of 19.79, a P/E/G ratio of 11.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The business's fifty day simple moving average is $25.38 and its 200-day simple moving average is $23.64.

Sony 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.