Todd Asset Management LLC Purchases 67,373 Shares of Sony Corporation $SONY

Todd Asset Management LLC grew its position in Sony Corporation (NYSE:SONYFree Report) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,197,628 shares of the company’s stock after acquiring an additional 67,373 shares during the period. Todd Asset Management LLC’s holdings in Sony were worth $34,480,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SONY. Sound Income Strategies LLC acquired a new position in Sony in the third quarter valued at about $25,000. NewSquare Capital LLC bought a new stake in Sony during the 2nd quarter worth approximately $28,000. GPS Wealth Strategies Group LLC lifted its stake in Sony by 220.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after buying an additional 790 shares in the last quarter. Country Trust Bank acquired a new position in shares of Sony in the second quarter valued at approximately $30,000. Finally, Highline Wealth Partners LLC increased its position in shares of Sony by 46.7% during the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after acquiring an additional 419 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Trading Up 1.4%

Shares of NYSE:SONY opened at $23.18 on Monday. The company has a market capitalization of $140.18 billion, a P/E ratio of -115.89, a P/E/G ratio of 8.37 and a beta of 0.97. Sony Corporation has a 1 year low of $20.42 and a 1 year high of $30.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97. The business’s 50 day simple moving average is $24.50 and its 200 day simple moving average is $27.01.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SONY. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Sony in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings cut Sony from a “buy (b-)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

View Our Latest Analysis on Sony

Sony News Summary

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Sony Profile

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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