Russell Investments Group Ltd. Has $336,000 Stock Holdings in Sony Corporation $SONY

Russell Investments Group Ltd. grew its holdings in Sony Corporation (NYSE:SONY) by 72.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,246 shares of the company’s stock after buying an additional 5,550 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sony were worth $336,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in Sony during the 1st quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new position in Sony during the 1st quarter worth approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sony by 155.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock worth $48,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in Sony during the 1st quarter worth approximately $56,000. 14.05% of the stock is owned by institutional investors.

Sony Price Performance

NYSE:SONY opened at $27.52 on Tuesday. Sony Corporation has a one year low of $17.42 and a one year high of $29.16. The company has a market cap of $166.43 billion, a P/E ratio of 21.84 and a beta of 0.94. The firm’s fifty day moving average price is $25.90 and its two-hundred day moving average price is $25.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 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 firm 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 company earned $189.90 earnings per share. 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 year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.