Ballentine Partners LLC boosted its position in Sony Corp (NYSE:SNE) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,872 shares of the company’s stock after purchasing an additional 1,172 shares during the period. Ballentine Partners LLC’s holdings in Sony were worth $308,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. increased its position in Sony by 1,028.3% during the fourth quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock worth $197,000 after buying an additional 4,000 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Sony during the second quarter worth $201,000. SeaCrest Wealth Management LLC purchased a new position in Sony during the fourth quarter worth $207,000. New England Research & Management Inc. purchased a new position in Sony during the third quarter worth $213,000. Finally, Brown Advisory Inc. purchased a new position in Sony during the third quarter worth $214,000. 6.95% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on SNE. Jefferies Group restated a “buy” rating and set a $59.84 price objective on shares of Sony in a report on Friday, November 17th. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, January 2nd. JPMorgan Chase & Co. cut Sony from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.19.
Sony Corp (NYSE:SNE) opened at $46.81 on Wednesday. Sony Corp has a fifty-two week low of $30.70 and a fifty-two week high of $53.91. The firm has a market capitalization of $60,991.90, a price-to-earnings ratio of 12.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.80.
Sony (NYSE:SNE) last issued its earnings results on Friday, February 2nd. The company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.74. Sony had a return on equity of 15.00% and a net margin of 6.29%. The firm had revenue of $2,672.32 billion for the quarter, compared to analysts’ expectations of $2,560.40 billion. During the same quarter last year, the firm earned $15.55 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts forecast that Sony Corp will post 3.3 EPS for the current fiscal year.
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Sony 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, Semiconductors, Component, Films, Music, Financial Services and All Other.
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