Farley Capital L.P. Has $842,000 Position in Sony Corporation $SONY

Farley Capital L.P. raised its holdings in Sony Corporation (NYSE:SONY) by 39.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,350 shares of the company’s stock after buying an additional 9,100 shares during the quarter. Sony accounts for approximately 0.7% of Farley Capital L.P.’s holdings, making the stock its 13th biggest holding. Farley Capital L.P.’s holdings in Sony were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony during the 1st quarter valued at about $31,000. Trust Co. of Toledo NA OH bought a new position in Sony during the second quarter worth about $39,000. Zions Bancorporation National Association UT acquired a new stake in Sony during the first quarter valued at approximately $47,000. Financial Management Professionals Inc. grew its stake in shares of Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after purchasing an additional 889 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in shares of Sony in the 1st quarter worth approximately $60,000. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Sony Trading Down 1.4%

Shares of SONY opened at $28.72 on Thursday. 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 cap of $173.68 billion, a price-to-earnings ratio of 22.79 and a beta of 0.95. The stock has a fifty day moving average price of $28.71 and a two-hundred day moving average price of $26.31. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $30.28.

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

Sony Company 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.