Oxbow Advisors LLC Takes Position in Sony Corporation $SONY

Oxbow Advisors LLC bought a new stake in Sony Corporation (NYSE:SONY) during the first quarter, HoldingsChannel.com reports. The fund bought 145,802 shares of the company’s stock, valued at approximately $3,018,000.

Several other hedge funds have also bought and sold shares of SONY. Brighton Jones LLC raised its stake in Sony by 422.0% in 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. AQR Capital Management LLC lifted its position in shares of Sony by 26.7% in the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after buying an additional 37,677 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Sony by 23.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after acquiring an additional 4,172 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Sony by 24.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock worth $430,000 after acquiring an additional 3,255 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Sony during the 2nd quarter worth approximately $26,058,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sony

In other Sony news, insider Tsuyoshi Kodera sold 51,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total value of $1,047,540.00. Following the transaction, the insider directly owned 27,553 shares of the company’s stock, valued at $565,938.62. This represents a 64.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenichiro Yoshida sold 400,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the transaction, the director directly owned 661,615 shares in the company, valued at approximately $14,959,115.15. This represents a 37.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 468,500 shares of company stock valued at $10,487,215 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Benchmark reiterated a “buy” rating on shares of Sony in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s shift away from physical PlayStation discs could improve margins over time by reducing manufacturing, packaging, and logistics costs, and it signals a more digital-focused business model for future console generations. Sony is first console giant to stop making physical games
• Positive Sentiment: One report noted Sony’s stock climbed after the all-digital announcement, suggesting investors may be focusing on the long-term financial benefits of the transition rather than the fan backlash. Sony Stock Climbs After PlayStation’s All-Digital Announcement Despite Fan Backlash
• Neutral Sentiment: Former Sony leadership comments that PlayStation’s disc-less strategy could influence Xbox and Nintendo reinforce the idea that Sony is setting an industry trend, but this is more of a strategic headline than an immediate earnings catalyst. PlayStation’s disc-less future could heavily influence Xbox and Nintendo, former Sony boss says
• Negative Sentiment: The move has triggered strong backlash from gamers and media coverage portraying Sony as abandoning physical ownership, which could create reputational noise and pressure around the PlayStation brand in the near term. Brands smell blood in the water after PlayStation axes game discs — and they’re roasting Sony for it

Sony Trading Down 0.0%

Shares of NYSE:SONY opened at $20.79 on Friday. 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 $122.81 billion, a PE ratio of -103.93, a P/E/G ratio of 1.65 and a beta of 0.94. The business has a 50 day moving average of $21.09 and a 200-day moving average of $22.16. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10.

Sony (NYSE:SONY) last announced its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $32.86 EPS. As a group, equities research analysts forecast that Sony Corporation will post 1.28 earnings per share for the current year.

Sony Profile

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.