Sony Corporation $SONY Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in shares of Sony Corporation (NYSE:SONY) by 32.0% in the second quarter, Holdings Channel.com reports. The firm owned 10,650 shares of the company’s stock after buying an additional 2,583 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sony were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Apollon Wealth Management LLC grew its stake in Sony by 2.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,117 shares of the company’s stock valued at $706,000 after purchasing an additional 723 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Sony by 15.4% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 9,750 shares of the company’s stock valued at $254,000 after purchasing an additional 1,304 shares in the last quarter. Natural Investments LLC grew its stake in Sony by 15.8% during the 2nd quarter. Natural Investments LLC now owns 79,536 shares of the company’s stock valued at $2,070,000 after purchasing an additional 10,879 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Sony during the 2nd quarter valued at approximately $39,000. Finally, PDS Planning Inc grew its stake in Sony by 8.3% during the 2nd quarter. PDS Planning Inc now owns 34,327 shares of the company’s stock valued at $894,000 after purchasing an additional 2,635 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sony Price Performance

Shares of SONY opened at $28.92 on Monday. The firm has a market cap of $174.87 billion, a price-to-earnings ratio of 22.95 and a beta of 0.95. The stock has a 50 day moving average of $28.62 and a 200-day moving average of $26.22. 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 Corporation has a 52 week low of $17.42 and a 52 week high of $30.28.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion during 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 quarter last year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sony Corporation will post 1.23 EPS for the current 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.