Avantra Family Wealth Inc. Lowers Position in Sony Corporation $SONY

Avantra Family Wealth Inc. cut its stake in Sony Corporation (NYSE:SONY) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,358 shares of the company’s stock after selling 1,288 shares during the quarter. Avantra Family Wealth Inc.’s holdings in Sony were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SONY. Brighton Jones LLC raised its stake in shares of Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Sony by 97,250.0% in the first quarter. NBC Securities Inc. now owns 3,894 shares of the company’s stock worth $98,000 after purchasing an additional 3,890 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Sony in the first quarter worth approximately $278,000. Wedmont Private Capital raised its stake in shares of Sony by 3.6% in the first quarter. Wedmont Private Capital now owns 16,108 shares of the company’s stock worth $409,000 after purchasing an additional 555 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Sony in the first quarter worth approximately $205,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Performance

Shares of SONY opened at $30.13 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $182.22 billion, a price-to-earnings ratio of 23.91 and a beta of 0.95. The stock has a 50 day moving average of $27.88 and a 200 day moving average of $25.97. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.25.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sony presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Sony

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.