Sony Corporation (NYSE:SONY) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC grew its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,675 shares of the company's stock after purchasing an additional 35,406 shares during the quarter. WCM Investment Management LLC's holdings in Sony were worth $3,454,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Analysts LLC increased its holdings in Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the period. Fairscale Capital LLC boosted its position in Sony by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. Accent Capital Management LLC increased its holdings in shares of Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the period. City Holding Co. purchased a new position in shares of Sony in the 1st quarter valued at $30,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Sony in the 1st quarter worth $31,000. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Sony in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Wall Street Zen cut shares of Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sony has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Stock Performance

Shares of NYSE:SONY traded down $0.11 during midday trading on Thursday, reaching $25.60. The company's stock had a trading volume of 2,282,827 shares, compared to its average volume of 4,407,732. The firm has a market capitalization of $154.82 billion, a PE ratio of 20.75, a P/E/G ratio of 12.27 and a beta of 0.94. The stock has a fifty day moving average of $25.60 and a 200 day moving average of $23.79. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.95. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24.

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.