Sony Corporation $SONY Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of Sony Corporation (NYSE:SONY) by 17.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,569 shares of the company’s stock after selling 13,001 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Sony were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Investment Advisory Services LLC grew its stake in Sony by 3.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock worth $329,000 after purchasing an additional 392 shares in the last quarter. Stonegate Investment Group LLC grew its stake in Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company’s stock worth $429,000 after purchasing an additional 433 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after purchasing an additional 442 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of Sony by 3.7% during the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock worth $347,000 after acquiring an additional 474 shares in the last quarter. Finally, First Foundation Advisors boosted its position in shares of Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock worth $369,000 after acquiring an additional 478 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Stock Up 1.5%

Sony stock opened at $28.92 on Friday. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.28. 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 company has a market capitalization of $174.87 billion, a P/E ratio of 22.95 and a beta of 0.95. The stock has a 50-day simple moving average of $28.62 and a 200-day simple moving average of $26.19.

Sony (NYSE:SONY) last posted 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. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Equities research analysts expect that Sony Corporation will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Cfra Research raised Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.00.

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.