Farther Finance Advisors LLC Acquires 3,048 Shares of Sony Corporation $SONY

Farther Finance Advisors LLC lifted its stake in shares of Sony Corporation (NYSE:SONY) by 26.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,529 shares of the company’s stock after acquiring an additional 3,048 shares during the period. Farther Finance Advisors LLC’s holdings in Sony were worth $378,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. City Holding Co. bought a new position in Sony during the 1st quarter valued at $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Sony in the first quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new position in shares of Sony in the first quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sony by 155.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock valued at $48,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Sony in the first quarter worth $56,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Down 0.1%

SONY stock opened at $29.80 on Monday. The company’s 50 day moving average is $27.36 and its 200 day moving average is $25.79. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $30.25. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $180.22 billion, a price-to-earnings ratio of 23.65 and a beta of 0.94.

Sony (NYSE:SONY) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same period last year, the company earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

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.