Sony (NYSE:SONY) Insider Jonathan Jose Platt Sells 16,512 Shares

Sony Corporation (NYSE:SONY) insider Jonathan Jose Platt sold 16,512 shares of Sony stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $21.08, for a total value of $348,072.96. Following the transaction, the insider directly owned 83,326 shares in the company, valued at $1,756,512.08. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sony Trading Down 1.0%

Shares of SONY stock opened at $21.18 on Thursday. The stock has a market cap of $125.16 billion, a price-to-earnings ratio of -105.92, a PEG ratio of 1.70 and a beta of 0.94. The stock has a 50-day moving average of $21.14 and a 200-day moving average of $22.02. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34.

Sony (NYSE:SONY) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company 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 was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $32.86 earnings per share. On average, equities research analysts forecast that Sony Corporation will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SONY. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated 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 reissued a “buy” rating on shares of Sony in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Institutional Investors Weigh In On Sony

Several large investors have recently added to or reduced their stakes in SONY. Fisher Asset Management LLC lifted its stake in Sony by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock valued at $2,789,929,000 after buying an additional 4,337,062 shares during the period. Bank of America Corp DE grew its position in shares of Sony by 9.1% during the 1st quarter. Bank of America Corp DE now owns 16,992,579 shares of the company’s stock worth $351,746,000 after buying an additional 1,413,785 shares during the period. Capital International Investors increased its stake in shares of Sony by 23.1% in the 4th quarter. Capital International Investors now owns 7,446,889 shares of the company’s stock valued at $191,534,000 after acquiring an additional 1,397,271 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Sony by 10.7% during the 4th quarter. Royal Bank of Canada now owns 6,778,922 shares of the company’s stock valued at $173,539,000 after acquiring an additional 657,655 shares during the period. Finally, Capital World Investors boosted its stake in Sony by 1.5% during the fourth quarter. Capital World Investors now owns 5,076,516 shares of the company’s stock worth $129,973,000 after acquiring an additional 74,768 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony News Summary

Here are the key news stories impacting Sony this week:

• Negative Sentiment: Sony CEO Hiroki Totoki sold 225,000 shares, while another insider, Toshimoto Mitomo, sold 25,000 shares. Large insider sales can weigh on sentiment because investors often view them as a lack of confidence or simple profit-taking. Hiroki Totoki Sells 225,000 Shares of Sony (NYSE:SONY) Stock
• Negative Sentiment: Jermaine Dupri filed an $18 million lawsuit against Sony over alleged unpaid royalties, creating legal uncertainty for Sony Music and raising concerns about possible costs or reputational damage. Jermaine Dupri sues Sony Music for $18 million in unpaid royalties
• Negative Sentiment: Backlash continues over reports that Sony is moving away from physical PlayStation discs, which could hurt gamer goodwill and add concerns about the company’s long-term gaming strategy. Don’t Kill The Disc Petition Urging Sony To Preserve Physical Media On PS6 Breaks 120,000 Signatures
• Neutral Sentiment: Sony continues to attract attention for product news, including a leaked OLED TV and reviews of its Bravia lineup, but these stories are not likely to move the stock much on their own. Sony Bravia 9 II review

Sony Company 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.