Allspring Global Investments Holdings LLC Reduces Position in Sony Corporation $SONY

Allspring Global Investments Holdings LLC decreased its holdings in shares of Sony Corporation (NYSE:SONY) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,164,796 shares of the company’s stock after selling 129,023 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sony were worth $56,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SONY. Sound Income Strategies LLC bought a new position in Sony in the 3rd quarter valued at $25,000. Ameriflex Group Inc. boosted its stake in shares of Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $29,000 after purchasing an additional 760 shares during the period. Binnacle Investments Inc grew its holdings in shares of Sony by 81.7% in the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after purchasing an additional 464 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Sony in the third quarter worth about $33,000. Finally, Larson Financial Group LLC increased its stake in Sony by 104.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,275 shares of the company’s stock worth $37,000 after buying an additional 651 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Stock Performance

Shares of Sony stock opened at $21.14 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $21.78 and its 200-day moving average price is $25.63. The firm has a market cap of $125.74 billion, a P/E ratio of -105.67, a P/E/G ratio of 7.35 and a beta of 0.98. Sony Corporation has a 12 month low of $19.74 and a 12 month high of $30.34.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SONY shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Finally, Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sony presently has an average rating of “Hold” and an average target price of $22.00.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony sealed a BRAVIA joint-venture with TCL to spin off the home-entertainment TV unit (TCL takes a majority stake). Markets typically view such deals as value-creating and capital-light for Sony’s higher-growth segments; this is likely the biggest near-term driver of the rally. Read More.
• Positive Sentiment: An analyst upgrade/positive thesis highlighted Sony as a “wide moat compounder” at an attractive multiple, which supports bullish investor sentiment and may attract value-focused flows. Read More.
• Positive Sentiment: Sony confirmed April PlayStation Plus monthly games — steady content and subscription engagement are supportive for recurring revenue expectations in the gaming segment. Read More.
• Positive Sentiment: Retail promotions (Amazon’s Big Spring Sale) are driving heavy discounting on Sony headphones (e.g., WH-1000XM5), which can lift near-term consumer electronics sales and clear inventory ahead of new product cycles. Read More.
• Neutral Sentiment: Brokerage coverage shows a price target around $22 — close to current levels, suggesting limited immediate upside from consensus price-target revisions but providing support. Read More.
• Neutral Sentiment: Sony is expanding regional media (launch of a Kannada sports channel) and continues to roll out new audio/BRAVIA product lines — incremental, steady revenue catalysts but smaller scale vs. the TCL JV. Read More.
• Negative Sentiment: Sony temporarily suspended most SD/memory card sales due to a global memory shortage; supply constraints can dent sales and margins in imaging and accessories in the near term. Read More.
• Negative Sentiment: Product/design leaks and a patent that could affect cross-platform play drew press; these are reputational/competitive items that may worry gamers or partners but are lower-impact than the corporate JV or supply issues. Read More.

Sony Company Profile

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.