Sony Corporation $SONY Shares Sold by Boston Partners

Boston Partners cut its position in shares of Sony Corporation (NYSE:SONY) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,535 shares of the company’s stock after selling 2,815 shares during the quarter. Boston Partners’ holdings in Sony were worth $7,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SONY. Northern Trust Corp grew its stake in Sony by 3.4% in the 1st quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock worth $199,198,000 after acquiring an additional 257,838 shares during the period. Wellington Management Group LLP purchased a new position in shares of Sony during the 1st quarter worth $78,905,000. Ameriprise Financial Inc. boosted its holdings in shares of Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after purchasing an additional 1,142,849 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Sony by 4,056.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock valued at $50,269,000 after purchasing an additional 1,926,156 shares during the period. Finally, American Century Companies Inc. increased its stake in Sony by 15.0% in the second quarter. American Century Companies Inc. now owns 1,858,451 shares of the company’s stock valued at $48,375,000 after purchasing an additional 242,748 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SONY. Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $33.00.

Sony Price Performance

Shares of SONY stock opened at $29.26 on Friday. The firm has a fifty day simple moving average of $28.89 and a 200-day simple moving average of $27.18. The company has a market capitalization of $176.92 billion, a PE ratio of 23.22 and a beta of 0.99. Sony Corporation has a twelve month low of $19.85 and a twelve month high of $30.34. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

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.