Sony Corporation $SONY Shares Acquired by Rossby Financial LCC

Rossby Financial LCC lifted its position in shares of Sony Corporation (NYSE:SONY) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,897 shares of the company’s stock after acquiring an additional 485 shares during the quarter. Rossby Financial LCC’s holdings in Sony were worth $492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in Sony by 17.6% during the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock worth $15,240,000 after buying an additional 87,649 shares during the period. Compound Planning Inc. grew its position in Sony by 18.7% during the first quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after buying an additional 15,336 shares during the period. Mackenzie Financial Corp grew its position in Sony by 30.6% during the first quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock worth $12,222,000 after buying an additional 112,746 shares during the period. Ballentine Partners LLC grew its position in Sony by 18.4% during the first quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock worth $2,203,000 after buying an additional 13,493 shares during the period. Finally, Ethic Inc. grew its position in Sony by 2.4% during the second quarter. Ethic Inc. now owns 473,381 shares of the company’s stock worth $12,450,000 after buying an additional 11,220 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Up 0.3%

SONY stock opened at $28.73 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market capitalization of $173.72 billion, a PE ratio of 22.80 and a beta of 0.95. The company’s 50 day simple moving average is $28.74 and its 200-day simple moving average is $26.51. Sony Corporation has a 12 month low of $17.56 and a 12 month high of $30.28.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.