8,594 Shares in Sony Corporation (NYSE:SONY) Acquired by Xponance Inc.

Xponance Inc. bought a new position in Sony Corporation (NYSE:SONY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,594 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also added to or reduced their stakes in SONY. Capital Investment Advisory Services LLC grew its holdings in Sony by 3.1% during the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock worth $329,000 after buying an additional 392 shares in the last quarter. Stonegate Investment Group LLC lifted its position in shares of Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company’s stock valued at $429,000 after buying an additional 433 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after purchasing an additional 442 shares in the last quarter. Naviter Wealth LLC lifted its holdings in Sony by 0.4% during the 1st quarter. Naviter Wealth LLC now owns 138,840 shares of the company’s stock worth $3,483,000 after purchasing an additional 530 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Sony by 3.6% during the 1st quarter. Wedmont Private Capital now owns 16,108 shares of the company’s stock worth $409,000 after purchasing an additional 555 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 2.0%

SONY opened at $23.93 on Friday. The stock has a market cap of $144.72 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 11.50 and a beta of 0.94. The stock’s 50 day moving average price is $25.49 and its 200-day moving average price is $24.11. Sony Corporation has a one year low of $15.96 and a one year high of $26.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70.

Wall Street Analyst Weigh In

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

About Sony

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.