Ameritas Advisory Services LLC Buys Shares of 3,513 Sony Corporation $SONY

Ameritas Advisory Services LLC bought a new stake in shares of Sony Corporation (NYSE:SONY) during the 2nd quarter, Holdings Channel reports. The firm bought 3,513 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new position in Sony during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in Sony during the 1st quarter valued at about $47,000. Financial Management Professionals Inc. lifted its stake in Sony by 81.5% during 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. Alpine Bank Wealth Management bought a new position in shares of Sony in the 1st quarter worth approximately $60,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Sony in the 2nd quarter worth approximately $69,000. Institutional investors own 14.05% of the company’s stock.

Sony Trading Down 5.2%

Sony stock opened at $28.28 on Friday. The firm has a 50 day moving average of $28.29 and a 200 day moving average of $26.07. The firm has a market capitalization of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.28. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.