Cookson Peirce & Co. Inc. boosted its position in Sony Corp (NYSE:SNE) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,973 shares of the company’s stock after buying an additional 1,420 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Sony were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its holdings in Sony by 98.0% in the second quarter. Allworth Financial LP now owns 404 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Sony by 259.1% in the second quarter. First Horizon Advisors Inc. now owns 456 shares of the company’s stock worth $31,000 after buying an additional 329 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Sony by 41.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 498 shares of the company’s stock worth $34,000 after buying an additional 146 shares during the period. Global Retirement Partners LLC bought a new stake in Sony during the 2nd quarter valued at approximately $36,000. Finally, Shine Investment Advisory Services Inc. grew its holdings in shares of Sony by 188.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 534 shares of the company’s stock worth $37,000 after acquiring an additional 349 shares during the period. Institutional investors and hedge funds own 7.66% of the company’s stock.
A number of analysts have commented on SNE shares. Zacks Investment Research raised Sony from a “hold” rating to a “strong-buy” rating and set a $95.00 target price for the company in a report on Wednesday, August 5th. Macquarie downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 13th. ValuEngine cut shares of Sony from a “hold” rating to a “sell” rating in a report on Friday, August 7th. Goldman Sachs Group began coverage on shares of Sony in a report on Wednesday, July 29th. They issued a “conviction-buy” rating on the stock. Finally, Oppenheimer increased their price target on Sony from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $95.67.
Shares of SNE traded down $2.01 during midday trading on Thursday, hitting $79.09. 35,415 shares of the company traded hands, compared to its average volume of 1,033,158. The stock has a market cap of $103.79 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.39 and a beta of 1.11. The firm has a 50 day moving average of $76.56 and a 200-day moving average of $67.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.93. Sony Corp has a 52 week low of $50.94 and a 52 week high of $84.14.
Sony (NYSE:SNE) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.44 by $1.30. The business had revenue of $18.31 billion during the quarter. Sony had a return on equity of 13.78% and a net margin of 8.00%. Sell-side analysts predict that Sony Corp will post 3.79 earnings per share for the current fiscal year.
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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