Sony Corporation (NYSE:SONY) Given Consensus Recommendation of “Hold” by Analysts

Sony Corporation (NYSE:SONY) has earned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.00.

A number of research firms have weighed in on SONY. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Sony in a research report on Monday, May 11th.

Insider Activity at Sony

In other news, insider Tsuyoshi Kodera sold 51,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total transaction of $1,047,540.00. Following the sale, the insider directly owned 27,553 shares in the company, valued at approximately $565,938.62. The trade was a 64.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Toshimoto Mitomo sold 25,000 shares of the company’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 $525,500.00. Following the completion of the transaction, the insider directly owned 115,700 shares of the company’s stock, valued at $2,432,014. This represents a 17.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 771,838 shares of company stock valued at $16,866,580. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On Sony

Several large investors have recently modified their holdings of SONY. YANKCOM Partnership grew its stake in shares of Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after purchasing an additional 861 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Sony during the 4th quarter worth $27,000. Elyxium Wealth LLC acquired a new position in Sony during the 4th quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Sony by 404.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after buying an additional 889 shares during the last quarter. Finally, Twin Tree Management LP increased its stake in shares of Sony by 4,218.5% in the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after buying an additional 1,139 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Price Performance

NYSE SONY traded down $0.33 during trading on Thursday, hitting $22.95. 1,303,239 shares of the company’s stock were exchanged, compared to its average volume of 6,120,714. The company has a market cap of $135.56 billion, a PE ratio of -114.84, a P/E/G ratio of 1.81 and a beta of 0.94. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Sony has a fifty-two week low of $19.32 and a fifty-two week high of $30.34. The stock’s 50 day moving average price is $21.14 and its two-hundred day moving average price is $21.57.

Sony (NYSE:SONY) last posted its quarterly 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). The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $32.86 earnings per share. Research analysts expect that Sony will post 1.28 EPS for the current year.

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.