TD Waterhouse Canada Inc. Purchases 44,980 Shares of Sony Corporation $SONY

Key Points

• TD Waterhouse Canada increased its Sony stake by 10.6%, purchasing 44,980 shares to reach 471,304 shares valued at approximately $9.53 million. Institutional investors own 14.05% of Sony.
• Sony insiders sold 952,565 shares worth roughly $20.9 million over the past 90 days, including sales by Tsuyoshi Kodera and Jonathan Jose Platt; insiders retain a 7% ownership stake.
• Despite mixed analyst opinions, Sony holds a consensus “Moderate Buy” rating with a $22 target price. Its latest quarterly earnings and revenue exceeded expectations, while shares opened at $24.56 after a 1.6% decline.

TD Waterhouse Canada Inc. boosted its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 10.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,304 shares of the company's stock after buying an additional 44,980 shares during the period. TD Waterhouse Canada Inc.'s holdings in Sony were worth $9,530,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of Sony during the 4th quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Sony by 404.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company's stock worth $28,000 after acquiring an additional 889 shares in the last quarter. Twin Tree Management LP increased its stake in Sony by 4,218.5% in the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company's stock valued at $28,000 after acquiring an additional 1,139 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Sony in the fourth quarter valued at approximately $28,000. Finally, Binnacle Investments Inc raised its position in Sony by 81.7% during the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company's stock valued at $30,000 after purchasing an additional 464 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Insider Activity at Sony

In related news, insider Tsuyoshi Kodera sold 17,100 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.72, for a total value of $388,512.00. Following the completion of the transaction, the insider owned 47,508 shares in the company, valued at $1,079,381.76. This trade represents a 26.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jonathan Jose Platt sold 16,512 shares of Sony stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $21.08, for a total transaction of $348,072.96. Following the sale, the insider owned 83,326 shares in the company, valued at approximately $1,756,512.08. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 952,565 shares of company stock valued at $20,915,191. Corporate insiders own 7.00% of the company's stock.

Sony News Roundup

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Analysts remain broadly optimistic about Sony, potentially supporting the stock’s valuation and investor confidence. Is Sony a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Sony announced limited-edition Grand Theft Auto VI-themed DualSense controllers, with pre-orders opening September 10. The product could generate incremental PlayStation accessory sales and benefit from the major game franchise’s popularity. Pre-orders for Sony's GTA 6-themed DualSense controllers
• Positive Sentiment: Sony’s BRAVIA Theatre Trio received a favorable review for delivering immersive sound in large rooms, providing positive visibility for its home-entertainment hardware business. Sony BRAVIA Theatre Trio review
• Neutral Sentiment: Sony’s Labor Day promotions include significant discounts on headphones, soundbars, TVs, and speakers. The offers may stimulate sales but could also pressure hardware margins. Sony's Labor Day sale
• Neutral Sentiment: Sony dated the release of the Indian film Ramayana, adding a future entertainment-industry catalyst, although financial details were not reported. Sony Dates Indian Epic Ramayana For Release
• Negative Sentiment: Sony agreed to a $7.85 million PlayStation settlement, while separately seeking dismissal of lawsuits concerning tariff refunds. These legal matters create financial and reputational overhang, even though the settlement appears manageable relative to Sony’s size. Sony agrees to PlayStation settlement
• Negative Sentiment: Consumer lawsuits over digital-game ownership and criticism from PS5 users could increase regulatory, legal, or customer-retention risks for the PlayStation business. Sony’s defense against a digital ownership lawsuit

Analysts Set New Price Targets

Several research firms have weighed in on SONY. Benchmark restated a "buy" rating on shares of Sony in a research note on Monday, August 3rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sony in a research note on Monday, August 17th. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Zacks Research upgraded Sony from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sony has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Sony Stock Down 1.6%

Shares of SONY opened at $24.56 on Friday. Sony Corporation has a 52 week low of $19.32 and a 52 week high of $30.34. The stock has a market capitalization of $145.10 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a fifty day moving average of $22.55 and a 200-day moving average of $21.71.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Saturday, August 1st. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.17 billion. During the same quarter in the previous year, the company posted $42.84 EPS. Sony's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sony Corporation will post 1.41 earnings per share for the current fiscal year.

About Sony

Sony Group Corporation NYSE: SONY is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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