Optas LLC Acquires 494 Shares of Sony Corporation $SONY

Optas LLC boosted its holdings in Sony Corporation (NYSE:SONY) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,052 shares of the company’s stock after acquiring an additional 494 shares during the period. Optas LLC’s holdings in Sony were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after buying an additional 16,094 shares during the period. NBC Securities Inc. increased its position in Sony by 97,250.0% during the 1st quarter. NBC Securities Inc. now owns 3,894 shares of the company’s stock worth $98,000 after buying an additional 3,890 shares during the period. Merit Financial Group LLC bought a new position in Sony during the 1st quarter worth $278,000. Wedmont Private Capital increased its position in Sony by 3.6% during the 1st quarter. Wedmont Private Capital now owns 16,108 shares of the company’s stock worth $409,000 after buying an additional 555 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in Sony during the 1st quarter worth $205,000. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Stock Performance

NYSE:SONY opened at $29.77 on Thursday. The stock’s 50-day simple moving average is $28.10 and its 200 day simple moving average is $26.02. The firm has a market capitalization of $180.04 billion, a PE ratio of 23.63 and a beta of 0.95. 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.

Sony (NYSE:SONY) last released its quarterly earnings data 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 business had revenue of $17.79 billion for the quarter, compared to analyst estimates 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 firm posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, analysts anticipate that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony 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.