Boston Common Asset Management LLC Boosts Stock Position in Sony Corporation $SONY

Boston Common Asset Management LLC raised its holdings in Sony Corporation (NYSE:SONY) by 10.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,630 shares of the company’s stock after purchasing an additional 30,979 shares during the period. Boston Common Asset Management LLC’s holdings in Sony were worth $6,658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. YANKCOM Partnership grew its position in shares of Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after buying an additional 861 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Sony in the fourth quarter valued at $27,000. Elyxium Wealth LLC bought a new position in Sony during the 4th quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Sony by 404.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after acquiring an additional 889 shares during the last quarter. Finally, Twin Tree Management LP boosted its stake in Sony by 4,218.5% during the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after acquiring an additional 1,139 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of NYSE SONY opened at $21.16 on Monday. Sony Corporation has a twelve month low of $19.32 and a twelve month high of $30.34. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $124.99 billion, a price-to-earnings ratio of -105.77, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. The business has a 50 day simple moving average of $21.26 and a 200-day simple moving average of $21.79.

Sony (NYSE:SONY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.43 billion. Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $32.86 earnings per share. As a group, equities research analysts expect that Sony Corporation will post 1.28 earnings per share for the current year.

Insider Activity at Sony

In other news, insider Tsuyoshi Kodera sold 51,000 shares of Sony stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $20.54, for a total value of $1,047,540.00. Following the completion of the transaction, the insider directly owned 27,553 shares of the company’s stock, valued at approximately $565,938.62. The trade was a 64.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Jose Platt sold 16,512 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the sale, the insider directly owned 83,326 shares of the company’s stock, valued at approximately $1,756,512.08. This represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 771,838 shares of company stock valued at $16,866,580 in the last ninety days. 7.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SONY shares. Benchmark reissued a “buy” rating on shares of Sony in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Four equities research 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. Based on data from MarketBeat.com, Sony currently has an average rating of “Hold” and an average price target of $22.00.

About Sony

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.