22,620 Shares of Sony Corporation $SONY Acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC bought a new stake in Sony Corporation (NYSE:SONY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,620 shares of the company’s stock, valued at approximately $532,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Sony in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC increased its holdings in shares of Sony by 173.0% during the third quarter. Retirement Wealth Solutions LLC now owns 1,316 shares of the company’s stock valued at $31,000 after acquiring an additional 834 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Sony during the first quarter worth approximately $32,000. Evelyn Partners Asset Management Ltd acquired a new position in shares of Sony during the first quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Sony by 56.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,736 shares of the company’s stock worth $36,000 after purchasing an additional 627 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Sony from $560.00 to $525.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research note on Monday, August 17th. Benchmark restated a “buy” rating on shares of Sony in a report on Monday, August 3rd. Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, BNP Paribas Exane lifted their price objective on shares of Sony from $660.00 to $700.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.00.

Sony Stock Up 0.8%

Shares of NYSE:SONY traded up $0.20 during mid-day trading on Friday, hitting $24.89. 4,198,597 shares of the company traded hands, compared to its average volume of 3,663,016. The stock has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $22.19. Sony Corporation has a 12-month low of $19.32 and a 12-month high of $30.34. The stock has a market cap of $147.08 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.61 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Sony (NYSE:SONY) last released its quarterly earnings results on Saturday, August 1st. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.17 billion. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%. Sony’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $42.84 EPS. On average, equities research analysts forecast that Sony Corporation will post 1.45 earnings per share for the current year.

More Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony introduced an updated premium Walkman lineup, including the flagship gold-plated NW-WM1ZM3, the NW-WM1AM3 and the NW-ZX900. The products’ high prices target audiophiles and could support premium branding and niche hardware margins, although the financial contribution is likely modest. Sony premium Walkman lineup announcement
• Positive Sentiment: A new ECM-W5 wireless microphone system positions Sony against DJI and offers integration advantages for Sony camera users. This could strengthen Sony’s imaging ecosystem and accessory sales. Sony ECM-W5 microphone announcement
• Positive Sentiment: Sony Music Publishing formed a strategic partnership with Leader Entertainment, adding a potentially supportive development for Sony’s music-licensing and publishing operations. Sony Music Publishing partnership
• Neutral Sentiment: Sony’s $350 Midnight Black PS5 generated attention, but limited availability and the product’s likely lower-margin positioning make the near-term earnings impact unclear. Sony discounted PS5 report
• Negative Sentiment: Reports that the roughly two-year-old Xperia 10 VI will not receive Android 17 despite Sony’s stated software-update commitments could hurt consumer trust and weigh on Xperia’s competitiveness. Sony Xperia Android 17 update report

Insider Activity

In related news, insider Robert Adrian Stringer sold 545,547 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $22.49, for a total transaction of $12,269,352.03. Following the transaction, the insider directly owned 100,547 shares in the company, valued at approximately $2,261,302.03. The trade was a 84.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Tsuyoshi Kodera sold 17,100 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.72, for a total transaction of $388,512.00. Following the completion of the sale, the insider directly owned 47,508 shares of the company’s stock, valued at $1,079,381.76. The trade was a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 598,227 shares of company stock valued at $13,488,286 in the last three months. 7.00% of the stock is owned by company insiders.

About Sony

Sony Group Corporation is a Japan-based global entertainment and technology company headquartered in Tokyo. Founded in 1946 as Tokyo Tsushin Kogyo, the company adopted the Sony name in 1958. Sony’s businesses serve consumers and commercial customers worldwide across entertainment, electronics, imaging and digital services.

Sony’s principal activities include its Game & Network Services business, centered on the PlayStation platform, hardware, software and online services; Music, which develops and distributes recorded music and manages music publishing; and Pictures, which produces and distributes films, television programs and other visual entertainment.