Princeton Global Asset Management LLC Has $5.48 Million Stake in Sony Corporation $SONY

Princeton Global Asset Management LLC reduced its position in Sony Corporation (NYSE:SONY) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,578 shares of the company’s stock after selling 4,385 shares during the quarter. Sony comprises about 1.0% of Princeton Global Asset Management LLC’s portfolio, making the stock its 28th largest position. Princeton Global Asset Management LLC’s holdings in Sony were worth $5,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC increased its stake in Sony by 3.1% in the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock valued at $329,000 after acquiring an additional 392 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in Sony by 2.6% during the first quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company’s stock worth $429,000 after purchasing an additional 433 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Sony by 9.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock valued at $135,000 after purchasing an additional 442 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Sony by 4.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company’s stock valued at $254,000 after purchasing an additional 442 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in shares of Sony by 3.7% in the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock valued at $347,000 after purchasing an additional 474 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Price Performance

Shares of SONY opened at $28.92 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The stock has a market cap of $174.87 billion, a PE ratio of 22.95 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 business has a 50-day simple moving average of $28.62 and a two-hundred day simple moving average of $26.22.

Sony (NYSE:SONY) last announced 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 firm 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. Analysts anticipate that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SONY shares. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Sony has an average rating of “Buy” and an average price target of $33.00.

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.