112,340 Shares in Sony Corporation $SONY Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has acquired a new position in Sony Corporation, purchasing 112,340 shares valued at approximately $2.85 million during the first quarter.
• Other institutional investors, such as Northern Trust Corp and Ameriprise Financial Inc., have also increased their stakes in Sony, indicating a growing interest in the company.
• Sony reported earnings of $0.30 per share for the last quarter, surpassing analyst expectations, but recorded lower revenue than anticipated at $17.79 billion compared to a forecast of $18.88 billion.

Voya Investment Management LLC purchased a new position in Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 112,340 shares of the company's stock, valued at approximately $2,852,000.

A number of other large investors have also added to or reduced their stakes in SONY. Capital Investment Advisory Services LLC increased its holdings in shares of Sony by 3.1% during 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 grew its position in 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 purchasing an additional 433 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in 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 purchasing an additional 442 shares in the last quarter. First Foundation Advisors grew its holdings in shares of Sony by 3.4% during the first quarter. First Foundation Advisors now owns 14,543 shares of the company's stock valued at $369,000 after buying an additional 478 shares during the last quarter. Finally, Naviter Wealth LLC increased its position in shares of Sony by 0.4% during the first quarter. Naviter Wealth LLC now owns 138,840 shares of the company's stock valued at $3,483,000 after acquiring an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Stock Up 1.3%

Shares of Sony stock traded up $0.39 on Monday, reaching $29.75. The company's stock had a trading volume of 3,853,948 shares, compared to its average volume of 5,007,129. The company has a market capitalization of $179.89 billion, a price-to-earnings ratio of 23.61 and a beta of 0.94. 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 Corporation has a 52 week low of $17.42 and a 52 week high of $30.25. The firm's fifty day simple moving average is $26.81 and its two-hundred day simple moving average is $25.57.

Sony (NYSE:SONY - Get Free Report) last posted its earnings results 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 net margin of 9.14% and a return on equity of 13.88%. The business had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. During the same quarter in the prior year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sony Corporation will post 1.23 earnings per share for the current year.

Sony Company 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.