Sony Corporation (NYSE:SONY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $27.74, but opened at $28.99. Sony shares last traded at $28.81, with a volume of 1,191,567 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Sony presently has an average rating of "Buy" and an average price target of $28.00.
Check Out Our Latest Stock Report on Sony
Sony Stock Performance
The company has a market capitalization of $170.04 billion, a price-to-earnings ratio of 22.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $24.84.
Sony (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal year.
Hedge Funds Weigh In On Sony
Several institutional investors have recently bought and sold shares of SONY. Aristotle Capital Management LLC grew its position in Sony by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Bank of America Corp DE grew 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 acquiring an additional 18,821,902 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Sony by 19.0% in the 2nd quarter. Fisher Asset Management LLC now owns 101,878,066 shares of the company's stock valued at $2,651,886,000 after buying an additional 16,280,542 shares during the period. Northern Trust Corp boosted its stake in shares of 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 during the period. Finally, Royal Bank of Canada boosted its stake in shares of Sony by 416.6% in the 4th quarter. Royal Bank of Canada now owns 5,796,210 shares of the company's stock valued at $122,649,000 after buying an additional 4,674,249 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.
Sony Company Profile
(
Get Free Report)
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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