Vanguard Personalized Indexing Management LLC Grows Position in Sony Corporation $SONY

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in Sony Corporation by 10.9% during Q2, acquiring a total of 365,936 shares valued at approximately $9.5 million.
• Sony's stock recently fell by 5.2% and had a current trading price of $28.28, with a market cap of $171 billion and a PE ratio of 22.44.
• Wall Street analysts have given **Sony** a consensus rating of Moderate Buy with a price target of $33.00, indicating potential growth ahead.

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,936 shares of the company's stock after buying an additional 35,901 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Sony were worth $9,525,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC boosted its position in Sony by 3.1% in the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock worth $329,000 after purchasing an additional 392 shares during the last quarter. Stonegate Investment Group LLC lifted its position in shares of Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock valued at $429,000 after buying an additional 433 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock valued at $135,000 after buying an additional 442 shares in the last quarter. Sowell Financial Services LLC lifted its position in shares of Sony by 3.7% during the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company's stock valued at $347,000 after buying an additional 474 shares in the last quarter. Finally, First Foundation Advisors lifted its position in shares of Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company's stock valued at $369,000 after buying an additional 478 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Down 5.2%

NYSE SONY opened at $28.28 on Monday. The stock's 50 day moving average is $28.29 and its 200 day moving average is $26.08. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.28. The stock has a market cap of $171.00 billion, a PE ratio of 22.44 and a beta of 0.95.

Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. During the same period in the previous year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Research analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sony in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sony currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

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.

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