Princeton Global Asset Management LLC Increases Holdings in Sony Co. (NYSE:SNE)


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Princeton Global Asset Management LLC increased its holdings in shares of Sony Co. (NYSE:SNE) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,447 shares of the company’s stock after purchasing an additional 137 shares during the period. Sony accounts for about 1.6% of Princeton Global Asset Management LLC’s holdings, making the stock its 13th biggest holding. Princeton Global Asset Management LLC’s holdings in Sony were worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SNE. Manning & Napier Group LLC boosted its position in Sony by 20,822.4% during the 4th quarter. Manning & Napier Group LLC now owns 724,960 shares of the company’s stock worth $73,291,000 after purchasing an additional 721,495 shares during the period. Morgan Stanley lifted its holdings in Sony by 16.6% in the 3rd quarter. Morgan Stanley now owns 2,810,800 shares of the company’s stock worth $215,728,000 after buying an additional 399,314 shares in the last quarter. AGF Investments Inc. lifted its holdings in Sony by 11.9% in the 4th quarter. AGF Investments Inc. now owns 1,457,817 shares of the company’s stock worth $147,385,000 after buying an additional 154,649 shares in the last quarter. Todd Asset Management LLC lifted its holdings in Sony by 64.7% in the 3rd quarter. Todd Asset Management LLC now owns 287,697 shares of the company’s stock worth $22,080,000 after buying an additional 112,965 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Sony by 103.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 192,159 shares of the company’s stock worth $14,680,000 after buying an additional 97,636 shares in the last quarter. 7.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Sony stock traded down $1.13 on Tuesday, hitting $112.15. The company had a trading volume of 17,744 shares, compared to its average volume of 1,083,993. The business has a 50-day simple moving average of $106.14 and a 200-day simple moving average of $89.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market cap of $136.84 billion, a PE ratio of 16.23, a PEG ratio of 1.72 and a beta of 0.93. Sony Co. has a 52 week low of $50.94 and a 52 week high of $118.50.

Separately, Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $112.00 price objective on the stock in a report on Tuesday, December 29th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $106.00.

About Sony

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks by Sony Interactive Entertainment; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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