Sony Corporation $SONY Shares Sold by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC trimmed its holdings in shares of Sony Corporation (NYSE:SONY) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,050 shares of the company’s stock after selling 415 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Sony were worth $1,589,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. QRG Capital Management Inc. raised its position in Sony by 17.6% during the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock worth $15,240,000 after acquiring an additional 87,649 shares during the period. Compound Planning Inc. raised its position in shares of Sony by 18.7% during the 1st quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after purchasing an additional 15,336 shares during the last quarter. BSW Wealth Partners raised its position in shares of Sony by 87.0% during the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company’s stock worth $677,000 after purchasing an additional 12,404 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Sony by 30.6% during the 1st quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock worth $12,222,000 after purchasing an additional 112,746 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Sony by 18.4% during the 1st quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock worth $2,203,000 after purchasing an additional 13,493 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sony presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Stock Down 1.3%

SONY stock opened at $29.70 on Wednesday. The company has a market cap of $179.64 billion, a price-to-earnings ratio of 23.57 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12 month low of $17.42 and a 12 month high of $30.25. The firm has a 50-day moving average of $27.99 and a two-hundred day moving average of $25.99.

Sony (NYSE:SONY) last released 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 net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same quarter in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sony Corporation will post 1.23 earnings per share for the current fiscal year.

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.