Oppenheimer Asset Management Inc. Sells 10,601 Shares of Sony Corporation $SONY

Oppenheimer Asset Management Inc. decreased its holdings in Sony Corporation (NYSE:SONY) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,663 shares of the company’s stock after selling 10,601 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sony were worth $11,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Investment Advisory Services LLC increased its holdings in shares of Sony by 3.1% in the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock worth $329,000 after purchasing an additional 392 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Sony by 9.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after buying an additional 442 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Sony by 4.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company’s stock worth $254,000 after buying an additional 442 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of Sony by 3.7% in the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock worth $347,000 after buying an additional 474 shares during the last quarter. Finally, First Foundation Advisors boosted its stake in shares of Sony by 3.4% in the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock worth $369,000 after buying an additional 478 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SONY. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research note on Friday. Finally, Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Sony presently has an average rating of “Buy” and an average target price of $33.00.

Sony Stock Performance

NYSE:SONY opened at $28.65 on Monday. The stock has a 50-day simple moving average of $28.73 and a two-hundred day simple moving average of $26.47. Sony Corporation has a 52-week low of $17.54 and a 52-week high of $30.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market capitalization of $173.24 billion, a PE ratio of 22.74 and a beta of 0.95.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

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.