Stiles Financial Services Inc Trims Stock Holdings in Sony Corporation $SONY

Key Points

• Stiles Financial Services Inc reduced its holdings in Sony Corporation by 17.2%, owning 54,698 shares worth approximately $1,424,000 after selling 11,392 shares in the 2nd quarter.
• Several institutional investors have altered their positions in Sony, with Brighton Jones LLC increasing its stake by 422.0% during the fourth quarter.
• Sony reported $0.30 EPS for its last quarter, surpassing expectations, with a revenue of $17.79 billion against predictions of $18.88 billion.

Stiles Financial Services Inc trimmed its position in Sony Corporation (NYSE:SONY - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,698 shares of the company's stock after selling 11,392 shares during the period. Stiles Financial Services Inc's holdings in Sony were worth $1,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Brighton Jones LLC grew its stake in Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after purchasing an additional 16,094 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Sony in the first quarter worth $278,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Sony in the first quarter worth $205,000. GAMMA Investing LLC grew its stake in shares of Sony by 21.9% in the first quarter. GAMMA Investing LLC now owns 39,179 shares of the company's stock worth $995,000 after acquiring an additional 7,041 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its position in shares of Sony by 56.6% during the first quarter. Simon Quick Advisors LLC now owns 17,373 shares of the company's stock valued at $441,000 after buying an additional 6,279 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Trading Up 0.3%

SONY opened at $29.84 on Friday. Sony Corporation has a 52 week low of $17.42 and a 52 week high of $30.29. The business has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $26.05. The firm has a market cap of $180.44 billion, a P/E ratio of 23.68 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. During the same period last year, the firm earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sony Corporation will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Sony in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

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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