Partners Group Holding AG bought a new stake in Sony Corporation (NYSE:SONY – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,000 shares of the company’s stock, valued at approximately $922,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its holdings in shares of Sony by 2.8% during the third quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock valued at $394,000 after buying an additional 367 shares during the last quarter. West Family Investments Inc. raised its holdings in shares of Sony by 1.1% during the third quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock valued at $985,000 after buying an additional 385 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Sony by 1.3% during the third quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock valued at $875,000 after buying an additional 391 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of Sony by 3.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock valued at $298,000 after buying an additional 409 shares during the last quarter. Finally, Glenmede Investment Management LP raised its holdings in shares of Sony by 1.0% during the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock valued at $1,223,000 after buying an additional 416 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Sony in a report on Monday, May 11th. Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.00.
Insider Activity at Sony
In related news, Director Kenichiro Yoshida sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the sale, the director owned 661,615 shares of the company’s stock, valued at $14,959,115.15. The trade was a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tsuyoshi Kodera sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $395,675.00. Following the sale, the insider directly owned 27,553 shares in the company, valued at approximately $622,973.33. The trade was a 38.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.00% of the stock is owned by insiders.
Trending Headlines about Sony
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony announced a new production deal involving Sony TV and Crave, adding to its content pipeline and signaling continued strength in entertainment partnerships.
- Positive Sentiment: Analysts highlighted Sony as a strong value stock, which may help support investor sentiment around the shares.
- Neutral Sentiment: Sony bought a production company behind reality-TV franchises, a move that expands its media footprint but is not likely to move the stock sharply on its own.
- Neutral Sentiment: Recent product and brand coverage around Xperia phones, TVs, headphones, and gaming features points to ongoing consumer-interest activity, though these items appear more promotional than financially material.
- Negative Sentiment: Director Kenichiro Yoshida sold 400,000 shares of Sony stock, and insider Tsuyoshi Kodera also sold shares, a combination that can weigh on sentiment because it may signal limited near-term confidence from leadership. Article Title Article Title
- Negative Sentiment: Sony faced criticism after raising PlayStation Plus subscription prices, which could raise concerns about gamer backlash and slower subscription growth.
- Negative Sentiment: One report also said Sony is being sued over alleged tariff-related windfall profits, adding an overhang of legal and reputational risk.
Sony Price Performance
Shares of NYSE:SONY opened at $22.75 on Wednesday. Sony Corporation has a 12 month low of $19.63 and a 12 month high of $30.34. The stock has a market cap of $135.33 billion, a price-to-earnings ratio of -113.73, a PEG ratio of 1.77 and a beta of 0.92. The stock’s 50 day moving average price is $21.00 and its 200 day moving average price is $23.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94.
Sony (NYSE:SONY – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the previous year, the firm earned $32.86 EPS. Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Sony Corporation will post 1.31 earnings per share for the current fiscal year.
Sony Announces Dividend
The company also recently announced a dividend, which will be paid on Monday, June 8th. Investors of record on Monday, March 30th will be issued a dividend of $0.0796 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a yield of 80.0%. Sony’s payout ratio is presently -55.00%.
Sony Company Profile
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
Featured Stories
- Five stocks we like better than Sony
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corporation (NYSE:SONY – Free Report).
Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.
