Aviance Capital Management LLC lessened its stake in shares of Sony Corp (NYSE:SNE) by 32.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,345 shares of the company’s stock after selling 11,998 shares during the period. Aviance Capital Management LLC’s holdings in Sony were worth $1,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNE. Bank of New York Mellon Corp raised its holdings in Sony by 639.4% during the third quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock worth $109,636,000 after acquiring an additional 1,563,202 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in Sony during the fourth quarter worth about $51,675,000. Boston Partners raised its holdings in Sony by 42.6% during the fourth quarter. Boston Partners now owns 2,018,740 shares of the company’s stock worth $97,464,000 after acquiring an additional 602,923 shares in the last quarter. LMR Partners LLP bought a new stake in Sony during the fourth quarter worth about $19,478,000. Finally, Renaissance Technologies LLC raised its holdings in Sony by 37.1% during the third quarter. Renaissance Technologies LLC now owns 1,450,500 shares of the company’s stock worth $87,973,000 after acquiring an additional 392,800 shares in the last quarter. Institutional investors and hedge funds own 7.56% of the company’s stock.

SNE has been the topic of several analyst reports. Zacks Investment Research upgraded Sony from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Monday, March 4th. Citigroup raised Sony from a “neutral” rating to a “buy” rating and set a $52.91 price target on the stock in a research report on Sunday, December 9th. JPMorgan Chase & Co. raised Sony from a “neutral” rating to a “buy” rating in a research report on Friday, November 30th. ValuEngine raised Sony from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.07.

Shares of NYSE SNE opened at $46.12 on Friday. The company has a market cap of $58.26 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 0.86. Sony Corp has a twelve month low of $42.43 and a twelve month high of $61.02.

Sony (NYSE:SNE) last announced its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.03. The firm had revenue of $2,401.81 billion for the quarter, compared to the consensus estimate of $2,676.17 billion. Sony had a return on equity of 20.21% and a net margin of 9.48%. The business’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $234.08 earnings per share. On average, analysts anticipate that Sony Corp will post 5.53 earnings per share for the current fiscal year.

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Sony Company Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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