Neuberger Berman Group LLC Has $13.64 Million Stock Holdings in Sony Corporation $SONY

Neuberger Berman Group LLC lowered its position in shares of Sony Corporation (NYSE:SONY) by 12.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 523,207 shares of the company’s stock after selling 73,035 shares during the quarter. Neuberger Berman Group LLC’s holdings in Sony were worth $13,643,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SONY. NewSquare Capital LLC acquired a new stake in Sony in the 2nd quarter worth about $28,000. GPS Wealth Strategies Group LLC grew its position in shares of Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock worth $30,000 after purchasing an additional 790 shares in the last quarter. Country Trust Bank bought a new position in shares of Sony during the second quarter worth approximately $30,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Sony in the second quarter valued at approximately $39,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of Sony by 81.5% in the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after buying an additional 889 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Finally, Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $33.00.

Sony Stock Performance

Sony stock opened at $26.76 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $161.81 billion, a PE ratio of 20.58, a P/E/G ratio of 10.26 and a beta of 0.97. Sony Corporation has a 12-month low of $19.85 and a 12-month high of $30.34. The business’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $27.37.

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.