Sony (NYSE:SONY) Raised to “Hold” at Wall Street Zen

Sony (NYSE:SONY) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Cfra Research raised shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, Sony presently has an average rating of “Buy” and a consensus price target of $33.00.

Sony Stock Down 1.0%

Shares of NYSE SONY opened at $28.01 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $28.76 and a 200-day moving average of $27.33. The firm has a market capitalization of $169.39 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 10.74 and a beta of 0.97. Sony has a 12 month low of $19.85 and a 12 month high of $30.34.

Institutional Trading of Sony

Several hedge funds and other institutional investors have recently bought and sold shares of SONY. QRG Capital Management Inc. grew its stake in shares of Sony by 17.6% in the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock worth $15,240,000 after purchasing an additional 87,649 shares during the last quarter. Compound Planning Inc. lifted its holdings in Sony by 18.7% in the 1st quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after buying an additional 15,336 shares during the period. Ethic Inc. grew its position in shares of Sony by 2.4% in the 2nd quarter. Ethic Inc. now owns 473,381 shares of the company’s stock worth $12,450,000 after buying an additional 11,220 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after buying an additional 1,142,849 shares during the period. Finally, Brighton Jones LLC increased its stake in shares of Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after buying an additional 16,094 shares during the period. Institutional investors own 14.05% of the company’s stock.

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.