Sony Corp Ord (NYSE:SNE) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 647,162 shares, a decrease of 34.7% from the October 13th total of 991,504 shares. Based on an average trading volume of 1,236,510 shares, the days-to-cover ratio is currently 0.5 days.
Shares of Sony Corp Ord (SNE) opened at $46.22 on Friday. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $47.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market cap of $58,960.00, a price-to-earnings ratio of 25.78 and a beta of 1.81.
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Sony Corp Ord by 105.6% in the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock worth $31,191,000 after purchasing an additional 419,493 shares during the period. Allen Investment Management LLC grew its holdings in Sony Corp Ord by 60.5% in the second quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock worth $769,000 after purchasing an additional 7,590 shares during the period. Aperio Group LLC grew its holdings in Sony Corp Ord by 10.8% in the second quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock worth $23,751,000 after purchasing an additional 60,660 shares during the period. Columbia Asset Management grew its holdings in Sony Corp Ord by 11.8% in the second quarter. Columbia Asset Management now owns 33,870 shares of the company’s stock worth $1,293,000 after purchasing an additional 3,575 shares during the period. Finally, Credit Suisse AG acquired a new stake in Sony Corp Ord in the first quarter worth $6,978,000. Institutional investors and hedge funds own 6.55% of the company’s stock.
Several equities analysts have issued reports on SNE shares. Citigroup Inc. cut shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.60 to $39.93 in a research report on Monday, September 11th. Morgan Stanley cut shares of Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Credit Suisse Group cut shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reiterated a “buy” rating and set a $45.74 price objective on shares of Sony Corp Ord in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Sony Corp Ord from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.42.
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Sony Corp Ord Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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