3,513 Shares in Sony Corporation $SONY Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in Sony Corporation (NYSE:SONY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,513 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC increased its stake in shares of Sony by 3.1% in 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 during the period. Stonegate Investment Group LLC increased its position in 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 purchasing an additional 433 shares during the period. Hexagon Capital Partners LLC increased its position in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock valued at $135,000 after purchasing an additional 442 shares during the period. Sowell Financial Services LLC increased its position in Sony by 3.7% during the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock valued at $347,000 after purchasing an additional 474 shares during the period. Finally, First Foundation Advisors increased its position in Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock valued at $369,000 after purchasing an additional 478 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Sony currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Stock Performance

Shares of Sony stock opened at $28.28 on Friday. The stock has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95. The firm’s 50-day moving average is $28.29 and its 200 day moving average is $26.07. Sony Corporation has a 1 year low of $17.42 and a 1 year high of $30.28. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the previous year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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.