LVW Advisors LLC Buys New Holdings in Sony Corporation $SONY

LVW Advisors LLC bought a new stake in Sony Corporation (NYSE:SONY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,077 shares of the company’s stock, valued at approximately $549,000.

Several other hedge funds have also bought and sold shares of the company. City Holding Co. bought a new position in Sony in the 1st quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC bought a new position in Sony in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in Sony in the 1st quarter valued at about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sony by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock valued at $48,000 after acquiring an additional 1,380 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after acquiring an additional 889 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Down 0.1%

Sony stock opened at $29.80 on Friday. The stock has a market cap of $180.22 billion, a P/E ratio of 23.65 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.25. The company’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $25.77.

Sony (NYSE:SONY) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same period in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts expect that Sony Corporation will post 1.23 EPS for the current year.

Sony Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.