Dynasty Wealth Management LLC acquired a new stake in shares of Sony Corporation (NYSE:SONY – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 45,676 shares of the company’s stock, valued at approximately $1,315,000.
Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in Sony during the third quarter valued at $25,000. NewSquare Capital LLC bought a new position in shares of Sony during the 2nd quarter valued at about $28,000. GPS Wealth Strategies Group LLC grew its position in shares of Sony by 220.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after purchasing an additional 790 shares in the last quarter. Country Trust Bank bought a new stake in shares of Sony in the second quarter worth about $30,000. Finally, Highline Wealth Partners LLC lifted its position in shares of Sony by 46.7% in the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after buying an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.
Sony Price Performance
Shares of SONY stock opened at $23.71 on Wednesday. The company has a market capitalization of $143.41 billion, a P/E ratio of 18.24, a P/E/G ratio of 9.24 and a beta of 0.98. The company’s 50-day simple moving average is $26.78 and its two-hundred day simple moving average is $27.26. Sony Corporation has a one year low of $20.42 and a one year high of $30.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.98.
Sony News Roundup
- Positive Sentiment: Sony and TCL announced a memorandum of understanding to form a global joint venture for home entertainment; Sony could receive cash, retain the Bravia brand via licensing and reduce capital and operating intensity, allowing it to focus more on PlayStation, imaging/sensors and entertainment. Sony and TCL Plan Global Joint Venture for Home Entertainment Business
- Positive Sentiment: Media coverage notes Sony will keep the Bravia brand and likely contribute software, design and platform services — a licensing model can boost margin profile versus owning manufacturing. TCL to Take Control of Sony’s TV Business, Will Retain the Bravia Brand
- Neutral Sentiment: Most reports describe an initial MOU; transaction details, timetable, ownership split, accounting treatment and regulatory approvals remain unclear — outcomes depend on final deal terms. TCL to gain majority ownership over Sony’s Bravia TVs
- Neutral Sentiment: Coverage suggests a product‑level partnership (Sony retains software/UX and TCL provides manufacturing) that may preserve product quality while cutting costs — how revenues and margins are allocated will determine investor reaction. Your next TV might be made by both Sony and TCL – and you’ll like the reason why
- Negative Sentiment: Investors are worried the move hands majority control of the Bravia business to TCL, creating short‑term revenue and profit uncertainty for Sony and raising brand dilution and geopolitical/supply‑chain risk concerns. That uncertainty likely contributed to the downward price move. Sony’s TV business is being taken over by TCL
- Positive Sentiment: Smaller, product‑level headlines (PlayStation store cleanup, firmware fixes) are incremental positives for Sony’s software/services and imaging reputations — supportive but unlikely to move the stock materially versus the JV story. Sony’s PlayStation Store Removes ~150 Shovelware Titles
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Zacks Research cut Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura Securities raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Finally, Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $31.50.
Check Out Our Latest Stock Analysis on Sony
About Sony
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.
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