Mission Wealth Management LP Sells 2,358 Shares of Sony Corporation (NYSE:SONY)

Mission Wealth Management LP cut its holdings in shares of Sony Corporation (NYSE:SONY) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,726 shares of the company’s stock after selling 2,358 shares during the period. Mission Wealth Management LP’s holdings in Sony were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Capital Analysts LLC lifted its holdings in Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after buying an additional 936 shares during the period. City Holding Co. acquired a new position in shares of Sony in the 1st quarter valued at $30,000. Fairscale Capital LLC boosted its position in shares of Sony by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Accent Capital Management LLC boosted its position in shares of Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its stake in shares of Sony by 400.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Stock Down 1.7%

Shares of Sony stock opened at $25.66 on Wednesday. The company has a market capitalization of $155.15 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 12.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The business has a 50-day moving average of $25.21 and a two-hundred day moving average of $23.49. Sony Corporation has a 1 year low of $15.86 and a 1 year high of $26.95.

Wall Street Analysts Forecast Growth

SONY has been the topic of several analyst reports. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony in a research note on Thursday, February 20th. Wolfe Research reiterated a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony in a report on Tuesday, March 25th. They set a “buy” rating for the company. Finally, Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.