Sony Corporation (NYSE:SONY – Get Free Report) insider Jonathan Jose Platt sold 16,512 shares of Sony stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total value of $348,072.96. Following the completion of the sale, the insider directly owned 83,326 shares in the company, valued at $1,756,512.08. This represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Sony Stock Performance
Shares of Sony stock opened at $20.94 on Friday. 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 $123.74 billion, a price-to-earnings ratio of -104.71, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. The stock’s 50-day moving average is $21.16 and its 200-day moving average is $21.99. Sony Corporation has a one year low of $19.32 and a one year high of $30.34.
Sony (NYSE:SONY – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted $32.86 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that Sony Corporation will post 1.28 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Sony
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. grew its stake in Sony by 136.1% in the second quarter. Financial Management Professionals Inc. now owns 1,908 shares of the company’s stock valued at $38,000 after purchasing an additional 1,100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Sony by 8.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,272 shares of the company’s stock valued at $126,000 after buying an additional 481 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sony in the second quarter valued at $802,000. Assenagon Asset Management S.A. bought a new position in shares of Sony in the second quarter valued at $4,349,000. Finally, 55 North Private Wealth LLC acquired a new position in Sony during the second quarter worth $259,000. 14.05% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Sony
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony received conditional approval to launch a U.S.-based stablecoin trust bank, which could expand its financial-services footprint and create a new growth avenue.
- Positive Sentiment: Sony’s new RX10 V camera and other consumer-electronics launches show ongoing product innovation, supporting the company’s hardware brand.
- Neutral Sentiment: Wall Street coverage remains mixed, with analysts generally holding a neutral stance and a consensus price target near current levels.
- Negative Sentiment: Sony’s reported shift away from physical PlayStation discs has triggered backlash from gamers and raised concern about the company’s gaming strategy and user goodwill. Sony plans major change to PlayStation games that has thousands concerned
- Negative Sentiment: Jermaine Dupri’s lawsuit over alleged unpaid royalties adds legal and financial uncertainty for Sony Music. Jermaine Dupri sues Sony Music for $18 million in unpaid royalties
- Negative Sentiment: Recent insider selling, including by Sony’s CEO and other executives, is pressuring investor sentiment and may be viewed as a lack of confidence or profit-taking.
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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