Brighton Jones LLC Invests $495,000 in Sony Corp (SNE)
Brighton Jones LLC purchased a new stake in shares of Sony Corp (NYSE:SNE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,012 shares of the company’s stock, valued at approximately $495,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services Inc purchased a new position in shares of Sony during the third quarter valued at about $215,000. Jag Capital Management LLC purchased a new position in shares of Sony during the fourth quarter valued at about $11,390,000. OxFORD Asset Management LLP increased its position in shares of Sony by 113.3% during the third quarter. OxFORD Asset Management LLP now owns 308,557 shares of the company’s stock valued at $11,522,000 after buying an additional 163,905 shares during the period. Stifel Financial Corp increased its position in shares of Sony by 6.3% during the third quarter. Stifel Financial Corp now owns 137,358 shares of the company’s stock valued at $5,133,000 after buying an additional 8,197 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Sony during the fourth quarter valued at about $834,000. Institutional investors own 6.95% of the company’s stock.
Several equities research analysts recently commented on SNE shares. Jefferies Group reissued a “buy” rating and set a $45.74 price objective on shares of Sony in a research note on Tuesday, October 24th. ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research lowered shares of Sony from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. lowered shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Sony currently has an average rating of “Buy” and an average price target of $48.19.
Sony (NYSE:SNE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.15 by $0.74. Sony had a net margin of 6.29% and a return on equity of 15.00%. The business had revenue of $2,672.32 billion for the quarter, compared to analyst estimates of $2,560.40 billion. During the same quarter in the previous year, the firm posted $15.55 earnings per share. Sony’s quarterly revenue was up 11.5% on a year-over-year basis. analysts expect that Sony Corp will post 3.3 EPS for the current fiscal year.
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Sony Company Profile
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, Semiconductors, Component, Films, Music, Financial Services and All Other.
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