Sony (NYSE:SONY) CEO Hiroki Totoki Sells 225,000 Shares of Stock

Sony Corporation (NYSE:SONY) CEO Hiroki Totoki sold 225,000 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of $21.02, for a total value of $4,729,500.00. Following the completion of the sale, the chief executive officer owned 173,250 shares of the company’s stock, valued at approximately $3,641,715. This trade represents a 56.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sony Price Performance

Sony stock opened at $21.39 on Wednesday. The firm has a market cap of $126.40 billion, a PE ratio of -106.97, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94. The stock’s fifty day moving average price is $21.12 and its two-hundred day moving average price is $22.05. Sony Corporation has a one year low of $19.32 and a one year high of $30.34.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Sony

Several institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its stake in Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after acquiring an additional 16,094 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Sony by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after purchasing an additional 37,677 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Sony by 23.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock valued at $573,000 after purchasing an additional 4,172 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Sony by 24.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock valued at $430,000 after purchasing an additional 3,255 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Sony during the 2nd quarter worth approximately $26,058,000. 14.05% of the stock is currently owned by institutional investors.

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.