Rockefeller Capital Management L.P. lifted its stake in Sony Corporation (NYSE:SONY – Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 563,186 shares of the company’s stock after purchasing an additional 181,991 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sony were worth $14,418,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. YANKCOM Partnership increased its holdings in Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after purchasing an additional 861 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after buying an additional 760 shares during the last quarter. Binnacle Investments Inc grew its position in shares of Sony by 81.7% during the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after buying an additional 464 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Sony during the 4th quarter worth about $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Sony in the 4th quarter valued at about $27,000. 14.05% of the stock is owned by institutional investors and hedge funds.
More Sony News
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Wall Street sentiment appears constructive, with a Zacks note saying analysts are broadly optimistic about Sony (SONY), which can support the stock if investors view the company as undervalued or improving. Article Title
- Positive Sentiment: Sony’s consumer electronics brands are getting heavy Prime Day promotion, with multiple outlets highlighting record-low discounts on WH-1000XM5 and WH-1000XM6 headphones, plus BRAVIA TV deals. Strong retail demand and visibility for flagship products could help sentiment around Sony’s hardware business. Article Title
- Positive Sentiment: Sony is also getting attention for new products, including a wearable air conditioner launching in the U.S. and first looks at upcoming Spider-Man: Brand New Day and Resident Evil films, reinforcing the company’s broader entertainment pipeline. Article Title
- Neutral Sentiment: Sony returned to the U.S. dollar bond market for the first time since 1998, which is notable from a financing standpoint but not clearly a stock-moving catalyst on its own. Article Title
- Negative Sentiment: Some coverage remains bearish on Sony’s mobile strategy, including criticism of the Xperia 1 VIII’s AI camera assistant and reports that the phone keeps the headphone jack only outside the U.S., which may weigh on perception of Sony’s smartphone competitiveness. Article Title
- Negative Sentiment: Investors are also digesting prior weakness in the shares, with reports noting a sharper-than-market decline and concerns that Sony may reduce PS5 discounts because of rising component costs, which could pressure gaming margins. Article Title
Insider Buying and Selling
Wall Street Analyst Weigh In
Several research analysts recently weighed in on SONY shares. Benchmark reissued a “buy” rating on shares of Sony in a research note on Monday, May 11th. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a report on Wednesday, May 20th. 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 has an average rating of “Hold” and an average price target of $22.00.
View Our Latest Stock Analysis on SONY
Sony Trading Up 0.6%
NYSE SONY opened at $19.62 on Wednesday. Sony Corporation has a one year low of $19.39 and a one year high of $30.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94. The firm has a market cap of $115.92 billion, a P/E ratio of -98.10, a P/E/G ratio of 1.55 and a beta of 0.93. The stock’s 50-day moving average is $21.25 and its 200-day moving average is $22.53.
Sony (NYSE:SONY – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same quarter in the prior year, the firm posted $32.86 earnings per share. Sony’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Sony Corporation will post 1.28 earnings per share for the current fiscal year.
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.
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