Sony Corporation $SONY Shares Sold by Wealth Alliance LLC

Wealth Alliance LLC cut its holdings in shares of Sony Corporation (NYSE:SONY) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,906 shares of the company’s stock after selling 3,117 shares during the quarter. Wealth Alliance LLC’s holdings in Sony were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SONY. Rosenberg Matthew Hamilton lifted its stake in shares of Sony by 4.7% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 9,765 shares of the company’s stock valued at $254,000 after purchasing an additional 442 shares in the last quarter. Sowell Financial Services LLC grew its stake in Sony by 3.7% during the second quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock worth $347,000 after buying an additional 474 shares during the period. First Foundation Advisors increased its position in shares of Sony by 3.4% in the first quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock worth $369,000 after acquiring an additional 478 shares in the last quarter. Rossby Financial LCC raised its stake in shares of Sony by 2.6% in the 2nd quarter. Rossby Financial LCC now owns 18,897 shares of the company’s stock valued at $492,000 after acquiring an additional 485 shares during the period. Finally, Optas LLC lifted its holdings in shares of Sony by 2.7% during the 2nd quarter. Optas LLC now owns 19,052 shares of the company’s stock valued at $496,000 after acquiring an additional 494 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SONY. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $33.00.

Sony Trading Up 4.6%

NYSE:SONY opened at $29.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The business has a 50 day simple moving average of $28.81 and a 200 day simple moving average of $26.85. The firm has a market capitalization of $176.95 billion, a P/E ratio of 23.22 and a beta of 0.99. Sony Corporation has a 12-month low of $18.41 and a 12-month high of $30.28.

Sony Company 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.