Sony Corp (NYSE:SNE) saw some unusual options trading activity on Monday. Traders purchased 1,188 put options on the company. This represents an increase of 814% compared to the typical daily volume of 130 put options.

Sony (NYSE:SNE) opened at $44.91 on Thursday. The firm has a market cap of $57,050.00, a price-to-earnings ratio of 25.72 and a beta of 1.78. Sony has a fifty-two week low of $27.91 and a fifty-two week high of $48.33. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17.

A number of equities analysts recently weighed in on SNE shares. Jefferies Group restated a “buy” rating and set a $45.74 target price on shares of Sony in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Citigroup downgraded shares of Sony from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.60 to $39.93 in a report on Monday, September 11th. Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Finally, Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Sony has an average rating of “Buy” and a consensus target price of $46.94.

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in Sony by 105.6% during the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock worth $31,191,000 after purchasing an additional 419,493 shares during the period. Allen Investment Management LLC boosted its position in Sony by 60.5% during the second quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock worth $769,000 after purchasing an additional 7,590 shares during the period. Athos Capital Ltd boosted its position in Sony by 280.0% during the third quarter. Athos Capital Ltd now owns 34,200 shares of the company’s stock worth $2,937,000 after purchasing an additional 25,200 shares during the period. Columbia Asset Management boosted its position in Sony by 11.8% during the second quarter. Columbia Asset Management now owns 33,870 shares of the company’s stock worth $1,293,000 after purchasing an additional 3,575 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in Sony during the third quarter worth $1,650,000. 6.78% of the stock is owned by hedge funds and other institutional investors.

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About Sony

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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