Sony Corporation (NYSE:SONY – Get Free Report) insider Robert Adrian Stringer sold 545,547 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $22.49, for a total value of $12,269,352.03. Following the completion of the transaction, the insider owned 100,547 shares of the company’s stock, valued at $2,261,302.03. This represents a 84.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sony Stock Up 2.9%
Shares of SONY stock traded up $0.66 during trading hours on Thursday, hitting $23.09. 5,319,702 shares of the company were exchanged, compared to its average volume of 6,177,814. The company has a market capitalization of $136.45 billion, a PE ratio of 20.62, a PEG ratio of 1.63 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Sony Corporation has a 52 week low of $19.32 and a 52 week high of $30.34. The business has a 50 day moving average of $21.20 and a two-hundred day moving average of $21.50.
Sony (NYSE:SONY – Get Free Report) last released its quarterly earnings results on Saturday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $17.45 billion for the quarter, compared to the consensus estimate of $17.17 billion. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $42.84 EPS. Analysts anticipate that Sony Corporation will post 1.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sony
Analysts Set New Price Targets
A number of research firms have weighed in on SONY. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Sony from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Benchmark restated a “buy” rating on shares of Sony in a report on Monday. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.
Check Out Our Latest Research Report on SONY
Key Sony News
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Zacks upgrade: Zacks Research upgraded Sony from “Hold” to “Strong Buy,” adding to the stock’s recent momentum and signaling confidence in its earnings outlook. Zacks.com
- Positive Sentiment: Entertainment momentum: Sony and Marvel’s Spider-Man: Brand New Day surpassed $1 billion globally, reinforcing the strength of Sony Pictures’ franchise portfolio and potentially supporting film, licensing and related revenue. Hollywood is cranking out billion-dollar movies again
- Positive Sentiment: Gaming catalyst ahead: Jefferies said 2026 could be a breakout year for Sony as anticipation builds for Grand Theft Auto VI, which could boost PlayStation software sales, engagement and network revenue. Sony has also raised PlayStation 5 prices, potentially helping offset higher memory costs.
- Positive Sentiment: Improving fundamentals: Sony’s latest quarterly earnings and revenue exceeded analyst estimates, while recent coverage highlights faster profit growth, raised forecasts and recurring entertainment revenue. Analyst price targets imply approximately 30% potential upside, although such estimates are not guarantees. Sony Stock Gains 10.9% in a Week
- Neutral Sentiment: Image-sensor opportunity: A planned venture with TSMC could improve Sony’s semiconductor manufacturing scale and technology position, but the benefits are longer term. Sony’s TSMC Sensor Venture
- Negative Sentiment: Risks remain: Zacks cited valuation, currency, cash-flow and execution concerns, while smartphone weakness, earthquake exposure and startup costs for the sensor venture could limit the rally.
- Negative Sentiment: Insider selling: Insiders Ravi Ahuja and Tsuyoshi Kodera sold shares worth approximately $354,000 and $389,000, respectively. Both sales were made to cover tax withholding on vested equity awards, reducing the negative signal, but they remain a modest sentiment headwind. Sony Insider Selling
About Sony
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.
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