Citigroup Inc. lessened its holdings in Sony Corporation (NYSE:SONY – Free Report) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 944,472 shares of the company’s stock after selling 160,884 shares during the period. Citigroup Inc.’s holdings in Sony were worth $27,191,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Sony during the 3rd quarter valued at $25,000. NewSquare Capital LLC purchased a new stake in shares of Sony during the 2nd quarter worth $28,000. GPS Wealth Strategies Group LLC boosted its position in 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 purchased a new position in Sony in the second quarter valued at about $30,000. Finally, Highline Wealth Partners LLC grew its stake in Sony by 46.7% in the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock valued at $38,000 after purchasing an additional 419 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Sony
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony filed/was spotted patenting PSSR 2.0 and PS5 Pro upgrade details surfaced — a sign of continued hardware and gaming R&D that could support PlayStation revenue and margins over the medium term. PS5 Pro Upgrade Details Spotted
- Positive Sentiment: Sony Pictures Classics picked up global rights to John Turturro’s Sundance film — an example of the studio continuing to acquire and monetize specialty content. Sony Pictures Classics Picks Up Global Rights
- Positive Sentiment: Sony says its relationship with Marvel remains “great,” preserving optionality on high‑value IP collaborations that can boost licensing and distribution revenue. Sony CEO Confirms Spider-Man Spin-Off Reboot
- Neutral Sentiment: Sony’s ZV‑E10 II mirrorless camera returned to Black Friday pricing — helpful for consumer promotions and volume but likely margin‑neutral/pressuring in the near term. Sony Alpha ZV-E10 II Pricing
- Neutral Sentiment: Product coverage (earbuds/headphone deals, comparisons) keeps Sony visible in consumer audio but reflects a competitive market with pricing pressure. ANC Earbuds Comparison
- Negative Sentiment: Sony confirmed it will reboot its Spider‑Man spinoff universe and refresh casts after multiple box‑office flops — a near‑term hit to studio momentum and revenue predictability that likely drove the share decline. Sony CEO Confirms Spider-Man Spinoff Reboot
- Negative Sentiment: Coverage explains historic distribution issues (e.g., why No Way Home didn’t release in China) and highlights the sensitivity of Sony’s film upside to international market access. Why No Way Home Wasn’t Released in China
Sony Trading Down 0.8%
Analyst Ratings Changes
A number of analysts have recently weighed in on SONY shares. Sanford C. Bernstein restated an “outperform” rating and issued a $30.00 price target (down from $33.00) on shares of Sony in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.
Get Our Latest Research Report on SONY
Sony 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.
Featured Stories
- Five stocks we like better than Sony
- REVEALED: Something Big Happening Behind White House Doors
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- Elon Musk: This Could Turn $100 into $100,000
- Read this or regret it forever
- The Next Commodity Crunch (bigger than oil?)
Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.
