Meitav Dash Investments Ltd. grew its stake in Sony Corp (NYSE:SNE) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,820 shares of the company’s stock after purchasing an additional 1,249 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Sony were worth $1,163,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Sony by 98.0% during the 2nd quarter. Allworth Financial LP now owns 404 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Sony by 259.1% during the second quarter. First Horizon Advisors Inc. now owns 456 shares of the company’s stock valued at $31,000 after purchasing an additional 329 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Sony by 41.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 498 shares of the company’s stock worth $34,000 after purchasing an additional 146 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Sony in the 2nd quarter worth approximately $36,000. Finally, Shine Investment Advisory Services Inc. increased its position in Sony by 188.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 534 shares of the company’s stock valued at $37,000 after buying an additional 349 shares in the last quarter. 7.66% of the stock is owned by hedge funds and other institutional investors.
NYSE:SNE traded down $1.98 on Thursday, hitting $79.12. The stock had a trading volume of 35,836 shares, compared to its average volume of 1,033,158. The business’s 50-day simple moving average is $76.56 and its two-hundred day simple moving average is $67.30. The stock has a market cap of $103.79 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 3.39 and a beta of 1.11. Sony Corp has a 52-week low of $50.94 and a 52-week high of $84.14. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.
Sony (NYSE:SNE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $1.30. Sony had a net margin of 8.00% and a return on equity of 13.78%. The company had revenue of $18.31 billion for the quarter. As a group, equities research analysts anticipate that Sony Corp will post 3.79 EPS for the current year.
SNE has been the topic of a number of recent research reports. Macquarie cut Sony from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. ValuEngine lowered shares of Sony from a “hold” rating to a “sell” rating in a research note on Friday, August 7th. Oppenheimer upped their target price on shares of Sony from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a report on Wednesday, August 5th. Finally, Goldman Sachs Group assumed coverage on Sony in a research note on Wednesday, July 29th. They set a “conviction-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Sony currently has an average rating of “Buy” and a consensus target price of $95.67.
Sony Company Profile
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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