LPL Financial LLC Sells 17,745 Shares of Sony Corporation (NYSE:SONY)

LPL Financial LLC decreased its position in shares of Sony Corporation (NYSE:SONY) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 727,729 shares of the company’s stock after selling 17,745 shares during the quarter. LPL Financial LLC’s holdings in Sony were worth $18,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Aristotle Capital Management LLC raised its holdings in Sony by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sony by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its stake in shares of Sony by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after buying an additional 8,157,776 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Sony by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after buying an additional 7,925,643 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Sony by 609.6% in the fourth quarter. Northern Trust Corp now owns 7,587,683 shares of the company’s stock valued at $160,555,000 after buying an additional 6,518,412 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

Shares of SONY stock opened at $24.51 on Wednesday. The stock has a market cap of $148.20 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 12.08 and a beta of 0.91. The stock has a 50-day moving average of $25.33 and a 200-day moving average of $24.43. 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 one year low of $16.41 and a one year high of $26.94.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony 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.