J. Safra Sarasin Holding AG Sells 44,459 Shares of Sony Corporation $SONY

J. Safra Sarasin Holding AG trimmed its position in Sony Corporation (NYSE:SONYFree Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,455 shares of the company’s stock after selling 44,459 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Sony were worth $2,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the period. AQR Capital Management LLC lifted its position 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 worth $4,542,000 after purchasing an additional 37,677 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Sony by 23.4% during the second 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sony by 16.5% during the second quarter. JPMorgan Chase & Co. now owns 1,541,930 shares of the company’s stock valued at $40,136,000 after purchasing an additional 218,871 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Sony by 4.1% during the second quarter. Rhumbline Advisers now owns 91,375 shares of the company’s stock valued at $2,378,000 after buying an additional 3,592 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wall Street Zen raised Sony to a “hold” rating in a research report on Saturday, December 6th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.00.

Get Our Latest Stock Analysis on Sony

Sony Trading Up 3.9%

Shares of Sony stock opened at $20.71 on Wednesday. The firm’s 50 day simple moving average is $21.83 and its two-hundred day simple moving average is $25.66. The firm has a market capitalization of $123.18 billion, a price-to-earnings ratio of -103.52, a PEG ratio of 7.08 and a beta of 0.94. Sony Corporation has a 12-month low of $19.74 and a 12-month high of $30.34. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

Sony Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Sony (NYSE:SONY)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.