Wincap Financial LLC Increases Position in Sony Corporation (NYSE:SONY)

Key Points

• Wincap Financial LLC increased its stake in Sony Corporation by 68.2% in the first quarter, holding approximately $1.37 million worth of shares, making it the 21st largest holding in their portfolio.
• Several institutional investors, including Forum Financial Management LP and Teachers Retirement System of The State of Kentucky, have also significantly increased their stakes in Sony, reflecting strong institutional interest.
• Equities analysts have given Sony an average rating of "Moderate Buy" with a price target of $28.00, though some analysts have downgraded their rating to "hold."

Wincap Financial LLC lifted its position in shares of Sony Corporation (NYSE:SONY - Free Report) by 68.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,941 shares of the company's stock after acquiring an additional 21,868 shares during the quarter. Sony makes up approximately 1.3% of Wincap Financial LLC's portfolio, making the stock its 21st biggest position. Wincap Financial LLC's holdings in Sony were worth $1,370,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SONY. Aristotle Capital Management LLC raised its position in shares of Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Bank of America Corp DE increased its position in Sony by 377.7% in the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after buying an additional 18,821,902 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Sony by 377.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after buying an additional 8,157,776 shares in the last quarter. Mondrian Investment Partners LTD increased its position in Sony by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares in the last quarter. Finally, Northern Trust Corp increased its position in Sony by 609.6% in the 4th quarter. Northern Trust Corp now owns 7,587,683 shares of the company's stock valued at $160,555,000 after buying an additional 6,518,412 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SONY. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Stock Performance

Shares of NYSE SONY traded down $0.22 during midday trading on Tuesday, reaching $24.14. The company's stock had a trading volume of 3,295,392 shares, compared to its average volume of 4,303,831. Sony Corporation has a 12-month low of $15.96 and a 12-month high of $26.94. The firm has a 50 day moving average price of $25.47 and a 200-day moving average price of $24.29. The stock has a market capitalization of $146.00 billion, a P/E ratio of 19.74, a PEG ratio of 11.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57.

About Sony

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.