Quadrant Capital Group LLC cut its holdings in Sony Corporation (NYSE:SONY – Free Report) by 30.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 213,460 shares of the company’s stock after selling 91,931 shares during the quarter. Quadrant Capital Group LLC’s holdings in Sony were worth $5,193,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Physician Wealth Advisors Inc. boosted its stake in shares of Sony by 29.6% during the third quarter. Physician Wealth Advisors Inc. now owns 1,811 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of Sony by 1.4% during the third quarter. Diversify Advisory Services LLC now owns 74,645 shares of the company’s stock worth $1,843,000 after buying an additional 1,008 shares during the last quarter. 55 North Private Wealth LLC increased its position in Sony by 21.9% in the 3rd quarter. 55 North Private Wealth LLC now owns 15,709 shares of the company’s stock valued at $370,000 after acquiring an additional 2,821 shares during the period. Abel Hall LLC increased its position in Sony by 31.9% in the 3rd quarter. Abel Hall LLC now owns 28,271 shares of the company’s stock valued at $665,000 after acquiring an additional 6,831 shares during the period. Finally, Frank Rimerman Advisors LLC increased its position in Sony by 1.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 85,272 shares of the company’s stock valued at $2,006,000 after acquiring an additional 1,307 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Stock Up 1.6%
SONY stock opened at $25.18 on Wednesday. The stock has a market capitalization of $148.74 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The company has a fifty day moving average of $23.97 and a 200-day moving average of $22.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.25. Sony Corporation has a one year low of $19.32 and a one year high of $30.34.
Sony (NYSE:SONY – Get Free Report) last issued its quarterly earnings results on Saturday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.17 billion. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $42.84 earnings per share. As a group, analysts expect that Sony Corporation will post 1.45 EPS for the current year.
Insider Activity
In other Sony news, insider Robert Adrian Stringer sold 545,547 shares of Sony stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $22.49, for a total value of $12,269,352.03. Following the sale, the insider owned 100,547 shares of the company’s stock, valued at approximately $2,261,302.03. The trade was a 84.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kenji Tanaka sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $23.83, for a total value of $476,600.00. Following the transaction, the insider owned 43,899 shares in the company, valued at $1,046,113.17. The trade was a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 598,227 shares of company stock worth $13,488,286 in the last three months. 7.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have commented on SONY shares. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a report on Monday, August 17th. UBS Group dropped their target price on Sony from $560.00 to $525.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Benchmark restated a “buy” rating on shares of Sony in a research note on Monday, August 3rd. Finally, BNP Paribas Exane increased their price target on Sony from $660.00 to $700.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sony currently has a consensus rating of “Moderate Buy” and an average price target of $373.00.
Read Our Latest Stock Analysis on SONY
Sony News Roundup
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony’s premium audio strategy is receiving favorable attention. Reviews highlight the affordable WF-C710N earbuds and discounted WF-1000XM6 and WH-CH520 headphones, while the company launched a $5,899 gold-plated Walkman aimed at high-end audiophiles. The products reinforce Sony’s brand strength and premium positioning, although the Walkman’s sales impact is likely limited. Sony WF-C710N review Gold-plated Walkman
- Positive Sentiment: Sony Pictures expanded its content pipeline by acquiring rights to Brett Bean’s “D’Orc,” developing the Tom Holland thriller “Penthouse,” and buying A24 titles for selected markets. These moves could support future licensing, theatrical, and streaming revenue, but financial terms and expected contribution were not disclosed. D’Orc rights Penthouse project
- Neutral Sentiment: Sony Pictures Television appointed former YouTube executive Lauren Glaubach as EVP of distribution, digital, and social platforms. The hire may strengthen digital monetization and distribution, but it is not an immediate financial catalyst. Lauren Glaubach appointment
- Neutral Sentiment: Sony is promoting NFL-themed XM6 headphones through a sweepstakes, while reviews cover its Bravia projector, cameras, and headphone discounts. These items may boost consumer engagement but provide no reported sales or profit data. NFL headphone sweepstakes
- Negative Sentiment: Reports suggest the PlayStation 6 could cost more than $1,000 because of rising memory costs. Higher hardware prices could pressure unit demand, though the reports are speculative and Sony has not confirmed pricing. Separately, Sony and Universal are seeking testimony from a Suno investor over training-data legal risks, adding potential litigation uncertainty to the music business. PlayStation 6 pricing report Suno legal dispute
Sony Company Profile
Sony Group Corporation is a Japan-based global entertainment and technology company whose businesses span games, music, motion pictures, electronics, imaging and financial services. The company develops and markets consumer and professional products, digital content, software and services through a portfolio of internationally recognized brands.
Sony’s Game & Network Services business operates the PlayStation platform, including hardware, software, online services and related content.
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