Forum Financial Management LP Buys 1,942 Shares of Sony Corporation $SONY

Forum Financial Management LP grew its stake in shares of Sony Corporation (NYSE:SONY) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,317 shares of the company’s stock after buying an additional 1,942 shares during the period. Forum Financial Management LP’s holdings in Sony were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after buying an additional 16,094 shares in the last quarter. GAMMA Investing LLC lifted its stake in Sony by 21.9% in the first quarter. GAMMA Investing LLC now owns 39,179 shares of the company’s stock valued at $995,000 after buying an additional 7,041 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Sony by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 4,964 shares of the company’s stock valued at $126,000 after buying an additional 2,482 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Sony in the first quarter valued at approximately $60,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Sony by 35.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 113,092 shares of the company’s stock valued at $2,871,000 after acquiring an additional 29,523 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Stock Down 1.4%

SONY stock opened at $28.72 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $173.68 billion, a PE ratio of 22.79 and a beta of 0.95. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $30.28. The business’s 50 day simple moving average is $28.71 and its 200 day simple moving average is $26.31.

Sony (NYSE:SONY) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The firm had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same period in the prior year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sony Corporation will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SONY. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $33.00.

Sony Profile

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.