Sound View Wealth Advisors Group LLC Purchases Shares of 8,243 Sony Corporation (NYSE:SONY)

Sound View Wealth Advisors Group LLC purchased a new position in shares of Sony Corporation (NYSE:SONY) in the first quarter, according to its most recent filing with the SEC. The firm purchased 8,243 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in SONY. Capital Analysts LLC raised its holdings in shares of Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the period. City Holding Co. acquired a new stake in shares of Sony in the 1st quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in Sony in the 1st quarter valued at about $31,000. Operose Advisors LLC raised its stake in Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company’s stock worth $32,000 after buying an additional 1,216 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sony by 155.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock worth $48,000 after buying an additional 1,380 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Trading Up 0.3%

Shares of SONY stock opened at $24.39 on Friday. 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 company has a market capitalization of $147.50 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 11.87 and a beta of 0.91. Sony Corporation has a 52-week low of $15.96 and a 52-week high of $26.94. The company has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $24.35.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SONY shares. Wolfe Research reiterated a “peer perform” rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen cut shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.