Stratos Wealth Partners LTD. Sells 6,112 Shares of Sony Corporation (NYSE:SONY)

Stratos Wealth Partners LTD. reduced its holdings in shares of Sony Corporation (NYSE:SONY) by 37.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,189 shares of the company’s stock after selling 6,112 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Sony were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SONY. Capital Analysts LLC boosted its holdings in shares of Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after buying an additional 936 shares during the last quarter. Accent Capital Management LLC lifted its holdings in Sony by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. City Holding Co. acquired a new stake in Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Sony during the 1st quarter valued at $31,000. Finally, Operose Advisors LLC lifted its holdings in Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company’s stock valued at $32,000 after purchasing an additional 1,216 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Stock Down 0.4%

SONY stock opened at $23.98 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. The stock has a market capitalization of $144.99 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 11.57 and a beta of 0.94. The business’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $24.04.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SONY shares. Wall Street Zen downgraded Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Wolfe Research reiterated a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. Finally, The Goldman Sachs Group started coverage on Sony in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sony currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.