Sony Corporation $SONY Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its position in shares of Sony Corporation (NYSE:SONYFree Report) by 92.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,442 shares of the company’s stock after buying an additional 24,284 shares during the quarter. HB Wealth Management LLC’s holdings in Sony were worth $1,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Brighton Jones LLC boosted its position in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares in the last quarter. AQR Capital Management LLC lifted its stake in Sony by 26.7% during the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after purchasing an additional 37,677 shares during the last quarter. Focus Partners Wealth boosted its holdings in Sony by 0.7% during the first quarter. Focus Partners Wealth now owns 158,578 shares of the company’s stock worth $4,026,000 after buying an additional 1,111 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Sony by 33.8% in the first quarter. Geneos Wealth Management Inc. now owns 9,239 shares of the company’s stock worth $235,000 after buying an additional 2,333 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Sony in the first quarter worth approximately $2,852,000. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Down 0.9%

Shares of Sony stock opened at $25.03 on Monday. Sony Corporation has a 1 year low of $19.85 and a 1 year high of $30.34. The company has a market cap of $151.39 billion, a P/E ratio of 19.26, a P/E/G ratio of 9.57 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $27.33 and a 200 day moving average price of $27.34.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SONY. Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Finally, Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $33.00.

View Our Latest Stock Analysis on Sony

Sony News Roundup

Here are the key news stories impacting Sony this week:

About Sony

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

See Also

Institutional Ownership by Quarter for Sony (NYSE:SONY)

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