Sony Corporation $SONY Position Reduced by Prosperity Consulting Group LLC
by Mitch Edgeman · The Markets DailyProsperity Consulting Group LLC decreased its position in shares of Sony Corporation (NYSE:SONY – Free Report) by 4.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 75,292 shares of the company’s stock after selling 3,402 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Sony were worth $1,960,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of SONY. Trust Co. of Toledo NA OH bought a new position in shares of Sony in the second quarter valued at $39,000. Zions Bancorporation National Association UT bought a new position in shares of Sony in the first quarter valued at $47,000. Financial Management Professionals Inc. increased its holdings in shares of Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after buying an additional 889 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Sony in the second quarter valued at $69,000. Finally, Pin Oak Investment Advisors Inc. increased its holdings in shares of Sony by 400.0% in the first quarter. Pin Oak Investment Advisors Inc. now owns 3,120 shares of the company’s stock valued at $78,000 after buying an additional 2,496 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.
Sony Price Performance
Shares of NYSE:SONY opened at $27.89 on Wednesday. The company’s fifty day moving average is $28.74 and its two-hundred day moving average is $26.72. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12-month low of $17.83 and a 12-month high of $30.28. The company has a market cap of $168.64 billion, a P/E ratio of 22.13 and a beta of 0.95.
Sony (NYSE:SONY – Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Equities analysts expect that Sony Corporation will post 1.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have issued reports on SONY. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Finally, Cfra Research raised Sony to a “moderate buy” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $33.00.
Read Our Latest Analysis on Sony
Sony Company Profile
Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.
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