Keybank National Association OH Boosts Stake in Sony Corporation $SONY

Keybank National Association OH raised its position in shares of Sony Corporation (NYSE:SONY) by 31.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,426 shares of the company’s stock after buying an additional 32,197 shares during the quarter. Keybank National Association OH’s holdings in Sony were worth $2,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SONY. Brighton Jones LLC lifted its holdings in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after acquiring an additional 16,094 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Sony by 26.7% in the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock worth $4,542,000 after purchasing an additional 37,677 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Sony by 23.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after acquiring an additional 4,172 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Sony by 24.6% in the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock worth $430,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Sony during the second quarter valued at $26,058,000. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

Shares of SONY opened at $20.79 on Monday. Sony Corporation has a 12 month low of $19.32 and a 12 month high of $30.34. The stock has a fifty day moving average price of $21.09 and a 200-day moving average price of $22.12. 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 firm has a market cap of $122.81 billion, a PE ratio of -103.93, a P/E/G ratio of 1.65 and a beta of 0.94.

Sony (NYSE:SONY) last announced its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The business had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.43 billion. During the same quarter last year, the firm earned $32.86 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s shift away from physical PlayStation discs could improve margins over time by reducing manufacturing, packaging, and logistics costs, and it signals a more digital-focused business model for future console generations. Sony is first console giant to stop making physical games
• Positive Sentiment: One report noted Sony’s stock climbed after the all-digital announcement, suggesting investors may be focusing on the long-term financial benefits of the transition rather than the fan backlash. Sony Stock Climbs After PlayStation’s All-Digital Announcement Despite Fan Backlash
• Neutral Sentiment: Former Sony leadership comments that PlayStation’s disc-less strategy could influence Xbox and Nintendo reinforce the idea that Sony is setting an industry trend, but this is more of a strategic headline than an immediate earnings catalyst. PlayStation’s disc-less future could heavily influence Xbox and Nintendo, former Sony boss says
• Negative Sentiment: The move has triggered strong backlash from gamers and media coverage portraying Sony as abandoning physical ownership, which could create reputational noise and pressure around the PlayStation brand in the near term. Brands smell blood in the water after PlayStation axes game discs — and they’re roasting Sony for it

Insider Transactions at Sony

In other Sony news, Director Kenichiro Yoshida sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the sale, the director owned 661,615 shares of the company’s stock, valued at approximately $14,959,115.15. The trade was a 37.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tsuyoshi Kodera sold 51,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $20.54, for a total transaction of $1,047,540.00. Following the transaction, the insider owned 27,553 shares in the company, valued at $565,938.62. The trade was a 64.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 468,500 shares of company stock worth $10,487,215 in the last 90 days. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SONY. Benchmark reissued a “buy” rating on shares of Sony in a research note on Monday, May 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Sony Company Profile

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.