Sony Corporation (NYSE:SONY – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors acquired 21,499 call options on the company. This is an increase of approximately 145% compared to the typical daily volume of 8,782 call options.
Wall Street Analyst Weigh In
SONY has been the topic of a number of recent research reports. Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Sony in a research report on Monday, August 3rd. Wall Street Zen downgraded Sony from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.
Read Our Latest Stock Report on SONY
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of SONY. Elyxium Wealth LLC bought a new stake in shares of Sony in the 4th quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Sony by 404.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares during the period. Twin Tree Management LP lifted its stake in shares of Sony by 4,218.5% in the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after buying an additional 1,139 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Sony during the fourth quarter valued at about $28,000. Finally, Binnacle Investments Inc raised its holdings in shares of Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.
Sony Price Performance
Shares of NYSE:SONY traded down $0.20 during trading on Thursday, reaching $23.91. 2,184,359 shares of the company traded hands, compared to its average volume of 5,966,731. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Sony has a 52 week low of $19.32 and a 52 week high of $30.34. The firm has a market capitalization of $141.29 billion, a PE ratio of 21.36, a PEG ratio of 1.74 and a beta of 0.92. The company’s 50 day moving average is $21.88 and its two-hundred day moving average is $21.61.
Sony (NYSE:SONY – Get Free Report) last announced its quarterly earnings data on Saturday, August 1st. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.17 billion. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $42.84 earnings per share. As a group, sell-side analysts predict that Sony will post 1.41 earnings per share for the current year.
More Sony News
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Unusually heavy call-option activity may indicate growing bullish speculation around Sony. Investors purchased 21,499 calls, approximately 145% above typical daily volume.
- Positive Sentiment: Sony and Taiwan Semiconductor Manufacturing are pursuing a $4.7 billion joint venture to develop next-generation smartphone image sensors, potentially strengthening Sony’s leadership in sensors while sharing capital requirements. Mass production is expected to begin in 2029. Sony Group and Taiwan Semiconductor Are Betting $4.7 Billion on the Eyes of AI Machines
- Positive Sentiment: Sony’s BRAVIA displays now integrate VITEC’s IPTV and digital-signage software, which could improve the commercial value and deployment potential of its display business. Sony and VITEC Join Forces to Transform IPTV and Digital Signage
- Positive Sentiment: Strong box-office performance from the Spider-Man and Insidious franchises supports Sony’s Pictures segment and its valuable entertainment intellectual property. Sony Dominates Box Office with Spider-Man and Insidious 6
- Neutral Sentiment: Sony launched the Xperia 10 VIII in select markets at £549, but reports describe limited hardware changes. The higher price could support revenue per device, though it may restrict demand. Sony Xperia 10 VIII Launches at £549 With Few Hardware Changes
- Negative Sentiment: Sony’s reported plan to end PlayStation physical discs in 2028 has triggered consumer protests and gives Microsoft an opportunity to promote a disc-to-digital alternative, creating potential reputational and customer-retention risks. Microsoft Confirms Xbox Disc-to-Digital Program Following Sony’s Decision
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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