Bleakley Financial Group LLC Purchases 31,055 Shares of Sony Corporation $SONY

Bleakley Financial Group LLC boosted its position in Sony Corporation (NYSE:SONYFree Report) by 84.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,002 shares of the company’s stock after purchasing an additional 31,055 shares during the period. Bleakley Financial Group LLC’s holdings in Sony were worth $1,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SONY. Brighton Jones LLC raised its holdings in Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after buying an additional 16,094 shares during the last quarter. AQR Capital Management LLC increased its position in Sony by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after acquiring an additional 37,677 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Sony by 23.4% during the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock valued at $573,000 after acquiring an additional 4,172 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Sony during the second quarter valued at $214,000. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of Sony by 14.5% during the second quarter. Focus Partners Advisor Solutions LLC now owns 21,567 shares of the company’s stock worth $560,000 after purchasing an additional 2,724 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SONY. Sanford C. Bernstein restated an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of Sony in a report on Wednesday, January 14th. Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Nomura raised Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Finally, Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Check Out Our Latest Stock Report on Sony

Sony Price Performance

Shares of SONY opened at $21.65 on Tuesday. The firm has a market cap of $130.96 billion, a PE ratio of -108.26, a price-to-earnings-growth ratio of 7.79 and a beta of 0.97. Sony Corporation has a 52-week low of $20.42 and a 52-week high of $30.34. The business’s 50 day moving average price is $23.94 and its two-hundred day moving average price is $26.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22.

Sony Profile

(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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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