Henry James International Management Inc. Decreases Stake in Sony Corporation $SONY

Henry James International Management Inc. trimmed its holdings in Sony Corporation (NYSE:SONY) by 14.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 448,459 shares of the company’s stock after selling 74,700 shares during the quarter. Sony comprises 3.8% of Henry James International Management Inc.’s portfolio, making the stock its 9th biggest holding. Henry James International Management Inc.’s holdings in Sony were worth $11,673,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ICONIQ Capital LLC raised its stake in shares of Sony by 12.4% in the second quarter. ICONIQ Capital LLC now owns 38,856 shares of the company’s stock worth $1,011,000 after acquiring an additional 4,285 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Sony by 95.1% in the second quarter. IHT Wealth Management LLC now owns 22,524 shares of the company’s stock valued at $586,000 after purchasing an additional 10,978 shares in the last quarter. EP Wealth Advisors LLC raised its position in Sony by 3.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 47,521 shares of the company’s stock worth $1,237,000 after purchasing an additional 1,409 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Sony by 93.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 37,703 shares of the company’s stock worth $981,000 after buying an additional 18,220 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Sony by 28.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 54,398 shares of the company’s stock valued at $1,416,000 after buying an additional 11,992 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Price Performance

Shares of SONY opened at $26.76 on Friday. The stock has a market cap of $161.81 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 10.25 and a beta of 0.97. Sony Corporation has a 1 year low of $19.85 and a 1 year high of $30.34. The stock’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $27.36. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

SONY has been the topic of several research reports. Wall Street Zen raised Sony to a “hold” rating in a research note on Saturday, December 6th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Nomura Securities upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $33.00.

About Sony

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.