XY Capital Ltd Sells 715,583 Shares of Sony Corporation (NYSE:SONY)

Key Points

• XY Capital Ltd has significantly reduced its stake in Sony Corporation, lowering its holdings by 77.7% during the 1st quarter, leaving it with 204,951 shares valued at approximately $5.2 million.
• Institutional ownership in Sony is currently at 14.05%, with several large investors such as Brighton Jones LLC and Franklin Resources Inc. increasing their positions in the company during the fourth quarter.
• Wall Street analysts have downgraded Sony from a "buy" to a "hold" rating, with a consensus target price of $28.00, reflecting a mixed outlook for the company.

XY Capital Ltd lowered its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 77.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,951 shares of the company's stock after selling 715,583 shares during the quarter. Sony comprises approximately 1.5% of XY Capital Ltd's holdings, making the stock its 10th largest holding. XY Capital Ltd's holdings in Sony were worth $5,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Y.D. More Investments Ltd increased its holdings in Sony by 116.5% in the 1st quarter. Y.D. More Investments Ltd now owns 78,065 shares of the company's stock valued at $1,982,000 after buying an additional 42,000 shares during the period. Deutsche Bank AG increased its holdings in Sony by 47.0% in the 1st quarter. Deutsche Bank AG now owns 17,025 shares of the company's stock valued at $432,000 after buying an additional 5,440 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Sony by 17.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 562,803 shares of the company's stock valued at $14,290,000 after buying an additional 81,673 shares during the period. Intrust Bank NA increased its holdings in Sony by 6.2% in the 1st quarter. Intrust Bank NA now owns 61,899 shares of the company's stock valued at $1,572,000 after buying an additional 3,598 shares during the period. Finally, Maxi Investments CY Ltd increased its holdings in Sony by 222.6% in the 1st quarter. Maxi Investments CY Ltd now owns 76,812 shares of the company's stock valued at $1,950,000 after buying an additional 53,000 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Price Performance

Shares of NYSE:SONY traded up $1.12 on Friday, hitting $27.15. The stock had a trading volume of 4,946,465 shares, compared to its average volume of 4,292,736. Sony Corporation has a twelve month low of $16.73 and a twelve month high of $27.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70. The firm's 50 day moving average price is $25.30 and its 200-day moving average price is $24.54. The company has a market capitalization of $164.19 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 12.99 and a beta of 0.91.

Sony (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 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 14.12%. The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter in the previous year, the company earned $189.90 EPS. On average, equities research analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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.