44 Wealth Management LLC Sells 33,032 Shares of Sony Corporation $SONY

44 Wealth Management LLC decreased its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 64.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,021 shares of the company’s stock after selling 33,032 shares during the quarter. 44 Wealth Management LLC’s holdings in Sony were worth $519,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in shares of Sony in the 3rd quarter worth about $25,000. Ameriflex Group Inc. lifted its stake in shares of Sony by 304.0% in the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after buying an additional 760 shares in the last quarter. Binnacle Investments Inc lifted its stake 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 buying an additional 464 shares in the last quarter. Country Trust Bank purchased a new stake in shares of Sony during the second quarter valued at approximately $30,000. Finally, Highline Wealth Partners LLC grew its holdings in shares of Sony by 46.7% during the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock valued at $38,000 after buying an additional 419 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SONY. Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Nomura raised Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Zacks Research cut Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein reiterated 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. Finally, Wall Street Zen raised Sony to a “hold” rating in a research report on Saturday, December 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Check Out Our Latest Research Report on SONY

Sony Price Performance

NYSE SONY opened at $21.51 on Monday. The business’s fifty day moving average price is $22.84 and its 200-day moving average price is $26.30. The stock has a market capitalization of $130.05 billion, a price-to-earnings ratio of -107.52, a PEG ratio of 7.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34.

Key Sony News

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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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