Wincap Financial LLC Sells 9,110 Shares of Sony Corporation $SONY

Wincap Financial LLC cut its holdings in shares of Sony Corporation (NYSE:SONY) by 16.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,831 shares of the company’s stock after selling 9,110 shares during the period. Wincap Financial LLC’s holdings in Sony were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC lifted its holdings in Sony by 3.1% during the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock worth $329,000 after acquiring an additional 392 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Sony by 9.0% during the first quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after acquiring an additional 442 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Sony by 4.7% during the second quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company’s stock worth $254,000 after acquiring an additional 442 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Sony by 3.7% during the second 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 lifted its holdings in Sony by 3.4% during the first 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 currently owned by institutional investors.

Sony Price Performance

NYSE:SONY opened at $28.73 on Tuesday. 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 stock’s 50-day simple moving average is $28.74 and its 200 day simple moving average is $26.51. The company has a market cap of $173.72 billion, a P/E ratio of 22.80 and a beta of 0.95. Sony Corporation has a 52-week low of $17.56 and a 52-week high of $30.28.

Sony (NYSE:SONY) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.88% and a net margin of 9.14%.During the same quarter in the previous year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SONY has been the topic of several recent analyst reports. Cfra Research upgraded Sony to a “moderate buy” rating in a report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment 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 company. According to data from MarketBeat.com, Sony has a consensus rating of “Buy” and an average price target of $33.00.

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.