Atria Investments Inc Has $6.86 Million Stock Position in Sony Corporation $SONY

Atria Investments Inc lessened its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,292 shares of the company’s stock after selling 27,091 shares during the period. Atria Investments Inc’s holdings in Sony were worth $6,860,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of Sony during the 3rd quarter worth approximately $25,000. NewSquare Capital LLC bought a new position in shares of Sony in the second quarter valued at $28,000. GPS Wealth Strategies Group LLC increased its holdings in Sony by 220.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock worth $30,000 after buying an additional 790 shares during the last quarter. Country Trust Bank bought a new stake in Sony during the second quarter worth $30,000. Finally, Highline Wealth Partners LLC raised its position in Sony by 46.7% during the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after acquiring an additional 419 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony News Summary

Here are the key news stories impacting Sony this week:

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SONY. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Sony in a report on Wednesday, January 14th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings lowered shares of Sony from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Check Out Our Latest Research Report on SONY

Sony Price Performance

Shares of NYSE:SONY opened at $23.18 on Friday. The firm has a 50 day moving average of $24.50 and a 200-day moving average of $26.97. Sony Corporation has a 12 month low of $20.42 and a 12 month high of $30.34. 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 has a market capitalization of $140.18 billion, a PE ratio of -115.89, a PEG ratio of 8.26 and a beta of 0.97.

Sony Company 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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