Wellington Management Group LLP Makes New $78.91 Million Investment in Sony Corporation $SONY

Key Points

• Wellington Management Group LLP acquired 3,107,718 shares of Sony Corporation, valued at approximately $78.9 million, increasing its ownership to about 0.05%.
• Sony's stock recently increased by 3.4%, with current trading at $28.5750, and it has a market capitalization of $172.81 billion.
• In its latest earnings report, Sony beat analysts' expectations with an EPS of $0.30 but reported revenue of $17.79 billion, below estimates of $18.88 billion.

Wellington Management Group LLP bought a new position in shares of Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,107,718 shares of the company's stock, valued at approximately $78,905,000. Wellington Management Group LLP owned 0.05% of Sony as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BSW Wealth Partners grew its holdings in shares of Sony by 87.0% in the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company's stock valued at $677,000 after buying an additional 12,404 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Sony by 386.6% in the 4th quarter. Ameriprise Financial Inc. now owns 917,856 shares of the company's stock valued at $19,424,000 after buying an additional 729,218 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Sony by 30.6% in the 1st quarter. Mackenzie Financial Corp now owns 481,381 shares of the company's stock valued at $12,222,000 after buying an additional 112,746 shares during the period. Ballentine Partners LLC grew its holdings in shares of Sony by 18.4% in the 1st quarter. Ballentine Partners LLC now owns 86,779 shares of the company's stock valued at $2,203,000 after buying an additional 13,493 shares during the period. Finally, CapWealth Advisors LLC grew its holdings in shares of Sony by 7.0% in the 1st quarter. CapWealth Advisors LLC now owns 559,430 shares of the company's stock valued at $14,204,000 after buying an additional 36,755 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Stock Down 0.3%

SONY traded down $0.08 during trading on Wednesday, hitting $27.81. The company had a trading volume of 2,542,892 shares, compared to its average volume of 5,130,186. The company has a market capitalization of $168.16 billion, a PE ratio of 22.07 and a beta of 0.91. Sony Corporation has a one year low of $17.42 and a one year high of $29.16. The firm's 50-day moving average price is $25.70 and its 200 day moving average price is $25.03. 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 (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period in the previous year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sony Corporation will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

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

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.