Sony Corporation $SONY Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC raised its stake in shares of Sony Corporation (NYSE:SONY) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 144,160 shares of the company’s stock after purchasing an additional 5,320 shares during the quarter. Naviter Wealth LLC’s holdings in Sony were worth $3,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SONY. Brighton Jones LLC increased its position in Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares during the last quarter. GAMMA Investing LLC increased its position in Sony by 21.9% during the first quarter. GAMMA Investing LLC now owns 39,179 shares of the company’s stock worth $995,000 after purchasing an additional 7,041 shares during the last quarter. Adero Partners LLC increased its position in Sony by 9.4% during the first quarter. Adero Partners LLC now owns 11,348 shares of the company’s stock worth $288,000 after purchasing an additional 975 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Sony by 37.2% during the first quarter. Sagespring Wealth Partners LLC now owns 30,454 shares of the company’s stock worth $773,000 after purchasing an additional 8,250 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Sony by 15.5% during the first quarter. QRG Capital Management Inc. now owns 497,818 shares of the company’s stock worth $12,640,000 after purchasing an additional 66,680 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Price Performance

Sony stock opened at $28.86 on Tuesday. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $30.28. The firm has a fifty day moving average of $28.37 and a 200-day moving average of $26.11. The firm has a market capitalization of $174.51 billion, a P/E ratio of 22.90 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (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 during the quarter, compared to analyst estimates of $18.88 billion. During the same quarter in the prior year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, analysts predict 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.