Texas Capital Bank Wealth Management Services Inc Makes New Investment in Sony Corporation $SONY

Key Points

• Texas Capital Bank Wealth Management Services Inc acquired a new stake in Sony Corporation by purchasing 9,640 shares valued at approximately $245,000 in the first quarter.
• A variety of institutional investors, including Capital Investment Advisory Services LLC and Stonegate Investment Group LLC, have raised their positions in Sony, reflecting increased interest and confidence in the company.
• Despite recent upgrades from several analysts, Wall Street Zen has downgraded Sony from a "buy" to a "hold" rating, with the current consensus rating being "buy" at an average target price of $28.00.

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,640 shares of the company's stock, valued at approximately $245,000.

Other large investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC boosted its stake in Sony by 3.1% in the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after acquiring an additional 392 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Sony by 2.6% in the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock valued at $429,000 after purchasing an additional 433 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Sony by 9.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after purchasing an additional 442 shares during the period. First Foundation Advisors increased its position in Sony by 3.4% during the first quarter. First Foundation Advisors now owns 14,543 shares of the company's stock worth $369,000 after buying an additional 478 shares during the period. Finally, Naviter Wealth LLC increased its position in Sony by 0.4% during the first quarter. Naviter Wealth LLC now owns 138,840 shares of the company's stock worth $3,483,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Sony has an average rating of "Buy" and a consensus price target of $28.00.

Sony Stock Performance

NYSE SONY traded up $0.9450 during trading hours on Friday, hitting $28.5750. 4,489,735 shares of the stock were exchanged, compared to its average volume of 3,797,277. 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 company has a market cap of $172.81 billion, a price-to-earnings ratio of 22.68 and a beta of 0.91. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $29.16. The stock has a 50-day moving average of $25.61 and a 200 day moving average of $24.95.

Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The company 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 in the previous year, the company earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

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.