LRI Investments LLC Has $219,000 Stock Position in Sony Corporation $SONY

LRI Investments LLC boosted its position in Sony Corporation (NYSE:SONY) by 8.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,429 shares of the company’s stock after acquiring an additional 640 shares during the period. LRI Investments LLC’s holdings in Sony were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Sony by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 365,936 shares of the company’s stock valued at $9,525,000 after purchasing an additional 35,901 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Sony by 32.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,650 shares of the company’s stock valued at $277,000 after purchasing an additional 2,583 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Sony by 2.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 27,117 shares of the company’s stock valued at $706,000 after purchasing an additional 723 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Sony by 15.4% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 9,750 shares of the company’s stock valued at $254,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Natural Investments LLC lifted its stake in Sony by 15.8% in the 2nd quarter. Natural Investments LLC now owns 79,536 shares of the company’s stock valued at $2,070,000 after purchasing an additional 10,879 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Stock Down 5.2%

Shares of SONY opened at $28.28 on Monday. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.28. The firm’s 50 day moving average is $28.29 and its 200-day moving average is $26.08. The stock has a market capitalization of $171.00 billion, a PE ratio of 22.44 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY) last announced its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. During the same period last year, the firm earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

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.