26,850 Shares in Sony Corporation $SONY Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd purchased a new position in Sony Corporation (NYSE:SONYFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,850 shares of the company’s stock, valued at approximately $687,000. Sony accounts for about 0.5% of Bayforest Capital Ltd’s holdings, making the stock its 6th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Sony in the 3rd quarter worth about $25,000. YANKCOM Partnership increased its stake in Sony by 748.7% in the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after buying an additional 861 shares during the period. Ameriflex Group Inc. increased its stake in Sony by 304.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after buying an additional 760 shares during the period. Binnacle Investments Inc increased its stake in Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after buying an additional 464 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in Sony in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Up 1.2%

NYSE SONY opened at $21.72 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. The company has a market capitalization of $129.19 billion, a price-to-earnings ratio of -108.57, a price-to-earnings-growth ratio of 7.16 and a beta of 0.98. The company’s 50-day simple moving average is $21.51 and its two-hundred day simple moving average is $24.94. Sony Corporation has a one year low of $19.74 and a one year high of $30.34.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Zacks Research downgraded shares of Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sony presently has a consensus rating of “Hold” and an average price target of $22.00.

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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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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