Bayforest Capital Ltd Takes $1.05 Million Position in Sony Corporation $SONY

Bayforest Capital Ltd acquired a new stake in shares of Sony Corporation (NYSE:SONY) during the second quarter, Holdings Channel reports. The institutional investor acquired 40,507 shares of the company’s stock, valued at approximately $1,054,000. Sony makes up about 0.5% of Bayforest Capital Ltd’s holdings, making the stock its 28th biggest holding.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Sony by 21.9% in the first quarter. GAMMA Investing LLC now owns 39,179 shares of the company’s stock valued at $995,000 after purchasing an additional 7,041 shares during the last quarter. Adero Partners LLC boosted its holdings in Sony by 9.4% in the first quarter. Adero Partners LLC now owns 11,348 shares of the company’s stock valued at $288,000 after purchasing an additional 975 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Sony by 37.2% in the first quarter. Sagespring Wealth Partners LLC now owns 30,454 shares of the company’s stock valued at $773,000 after purchasing an additional 8,250 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Sony by 15.5% in the first quarter. QRG Capital Management Inc. now owns 497,818 shares of the company’s stock valued at $12,640,000 after purchasing an additional 66,680 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Trading Up 2.1%

SONY stock opened at $28.86 on Tuesday. The company’s 50-day simple moving average is $28.37 and its 200-day simple moving average is $26.11. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a 52-week low of $17.42 and a 52-week high of $30.28. The firm has a market cap of $174.51 billion, a P/E ratio of 22.90 and a beta of 0.95.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sony Corporation will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sony has a consensus rating of “Moderate Buy” and a consensus price target 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.