Voya Investment Management LLC Purchases 67,770 Shares of Sony Corporation $SONY

Voya Investment Management LLC raised its position in Sony Corporation (NYSE:SONY) by 86.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,070 shares of the company’s stock after acquiring an additional 67,770 shares during the period. Voya Investment Management LLC’s holdings in Sony were worth $4,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. Contravisory Investment Management Inc. lifted its holdings in shares of Sony by 5.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 10,183 shares of the company’s stock valued at $293,000 after purchasing an additional 568 shares during the last quarter. Riversedge Advisors LLC increased its position in Sony by 9.7% during the 3rd quarter. Riversedge Advisors LLC now owns 11,887 shares of the company’s stock valued at $342,000 after buying an additional 1,052 shares in the last quarter. Hilltop National Bank boosted its holdings in Sony by 19.1% in the third quarter. Hilltop National Bank now owns 4,889 shares of the company’s stock worth $141,000 after acquiring an additional 784 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Sony by 4.5% during the third quarter. Wedmont Private Capital now owns 19,732 shares of the company’s stock worth $587,000 after acquiring an additional 853 shares during the last quarter. Finally, Balefire LLC acquired a new position in shares of Sony during the third quarter valued at about $205,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on SONY shares. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, Sony presently has a consensus rating of “Buy” and an average target price of $33.00.

Sony Price Performance

NYSE:SONY opened at $25.77 on Friday. The firm’s fifty day moving average is $28.00 and its two-hundred day moving average is $27.32. The firm has a market cap of $155.85 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 9.85 and a beta of 0.97. Sony Corporation has a one year low of $19.85 and a one year high of $30.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.05.

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.