Park Avenue Securities LLC Takes $5.36 Million Position in Sony Corporation $SONY

Park Avenue Securities LLC bought a new position in shares of Sony Corporation (NYSE:SONYFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 186,276 shares of the company’s stock, valued at approximately $5,363,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SONY. Fisher Asset Management LLC grew its stake in Sony by 19.0% during the 2nd quarter. Fisher Asset Management LLC now owns 101,878,066 shares of the company’s stock valued at $2,651,886,000 after purchasing an additional 16,280,542 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Sony by 41.6% during the 2nd quarter. Raymond James Financial Inc. now owns 2,482,524 shares of the company’s stock valued at $64,620,000 after buying an additional 729,351 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Sony by 16.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,293,819 shares of the company’s stock worth $65,924,000 after buying an additional 320,181 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Sony by 15.0% in the second quarter. American Century Companies Inc. now owns 1,858,451 shares of the company’s stock worth $48,375,000 after buying an additional 242,748 shares during the last quarter. Finally, Creative Planning raised its holdings in Sony by 2.3% in the second quarter. Creative Planning now owns 1,722,545 shares of the company’s stock valued at $44,838,000 after acquiring an additional 39,319 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

SONY has been the subject of several recent analyst reports. Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Cfra Research raised shares of Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen raised Sony to a “hold” rating in a report on Saturday, December 6th. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $33.00.

Check Out Our Latest Stock Report on SONY

Sony Stock Up 0.6%

NYSE:SONY opened at $25.27 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $27.39 and a 200-day moving average of $27.30. The firm has a market capitalization of $152.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 9.60 and a beta of 0.98. Sony Corporation has a 52 week low of $19.85 and a 52 week high of $30.34.

Sony News Summary

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Sony Company Profile

(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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