Sei Investments Co. Sells 70,617 Shares of Sony Corporation $SONY

Sei Investments Co. cut its holdings in shares of Sony Corporation (NYSE:SONY) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,858,777 shares of the company’s stock after selling 70,617 shares during the period. Sei Investments Co.’s holdings in Sony were worth $59,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. YANKCOM Partnership increased its position in shares of Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after acquiring an additional 861 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Sony in the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in shares of Sony during the 4th quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Sony by 404.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after acquiring an additional 889 shares during the last quarter. Finally, Twin Tree Management LP raised its holdings in shares of Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after purchasing an additional 1,139 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SONY shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Benchmark reissued a “buy” rating on shares of Sony in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.00.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony Pictures reportedly secured or expanded distribution ties for new films including Ramayana and Los Hilos del Miedo, which could support future content revenue and reinforce Sony’s role in global film distribution. Ramayana Movie Lands at Sony
• Positive Sentiment: Sony is said to be reopening Hollywood’s Cinerama Dome and ArcLight Cinemas, a move that could boost theater operations and signal confidence in a rebound in moviegoing demand. Sony to reopen Hollywood’s Cinerama Dome and ArcLight Cinemas
• Positive Sentiment: Sony launched or highlighted a new FX5 cinema camera with 5K open-gate recording, internal RAW support, and AI features, reinforcing its premium imaging franchise and product pipeline. Sony’s new cinema camera offers 5K recording, built-in AI processing
• Positive Sentiment: Sony’s new high-end “The Collexion” headphones are getting favorable attention, and cheaper XM5 pricing may help stimulate demand in consumer audio. Sony’s ‘The Collexion’ Headphones Set New Standard for Audio Engineering and Sound Design
• Neutral Sentiment: Several reports about Sony’s cinema camera FX5 emphasized technical upgrades, but they are more of a product refresh than a clear near-term earnings catalyst. Sony FX5 Launches With a New Sensor Open Gate Recording and Internal RAW Support
• Negative Sentiment: One report warned that Sony’s push to end physical discs could hurt the $7.2 billion used-games market, raising concerns about pushback from gamers and the broader gaming ecosystem. Sony’s decision to end physical discs could destroy the $7.2 Billion second-hand games market, per analysis

Sony Trading Up 1.6%

Shares of Sony stock opened at $21.01 on Friday. The firm’s 50 day moving average is $21.14 and its 200 day moving average is $21.65. The firm has a market capitalization of $124.15 billion, a PE ratio of -105.06, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. Sony Corporation has a 1 year low of $19.32 and a 1 year high of $30.34. 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 (NYSE:SONY) last posted its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.43 billion. Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. Sony’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $32.86 earnings per share. Equities research analysts forecast that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Hiroki Totoki sold 225,000 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of $21.02, for a total transaction of $4,729,500.00. Following the completion of the sale, the chief executive officer owned 173,250 shares of the company’s stock, valued at $3,641,715. This trade represents a 56.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ravi Ahuja sold 36,826 shares of Sony stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $21.08, for a total value of $776,292.08. Following the completion of the sale, the insider owned 58,786 shares of the company’s stock, valued at approximately $1,239,208.88. The trade was a 38.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 771,838 shares of company stock worth $16,866,580. 7.00% of the stock is owned by insiders.

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.