Yousif Capital Management LLC Boosts Position in Sony Corporation $SONY

Key Points

• Yousif Capital Management LLC increased its stake in Sony Corporation by 188.6% during Q2, raising its holdings to 62,581 shares valued at approximately $1.63 million.
• Sony's recent earnings report revealed $0.30 EPS, exceeding the consensus estimate of $0.24, despite revenues falling short of expectations at $17.79 billion.
• The stock has received positive analyst ratings, with Zacks upgrading it to a "strong-buy", and the current consensus target price set at $33.00.

Yousif Capital Management LLC raised its holdings in shares of Sony Corporation (NYSE:SONY - Free Report) by 188.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 62,581 shares of the company's stock after purchasing an additional 40,896 shares during the period. Yousif Capital Management LLC's holdings in Sony were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp grew its position in shares of Sony by 3.4% in the 1st quarter. Northern Trust Corp now owns 7,845,521 shares of the company's stock worth $199,198,000 after buying an additional 257,838 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Sony in the 1st quarter worth approximately $78,905,000. Ameriprise Financial Inc. lifted its stake in Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company's stock valued at $52,814,000 after acquiring an additional 1,142,849 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Sony by 4,056.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company's stock valued at $50,269,000 after acquiring an additional 1,926,156 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in Sony by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 1,753,173 shares of the company's stock valued at $44,513,000 after acquiring an additional 6,297 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Price Performance

Shares of NYSE SONY opened at $28.92 on Monday. The firm has a market cap of $174.87 billion, a PE ratio of 22.95 and a beta of 0.95. The firm has a fifty day moving average of $28.62 and a 200 day moving average of $26.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a one year low of $17.42 and a one year high of $30.28.

Sony (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $18.88 billion. During the same quarter in the prior year, the firm earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SONY has been the subject of several research reports. Zacks Research upgraded shares of Sony from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of Sony in a research note on Wednesday, October 8th. Finally, Cfra Research upgraded shares of Sony to a "moderate buy" rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sony presently has a consensus rating of "Buy" and a consensus target price of $33.00.

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.

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