Oppenheimer & Co. Inc. acquired a new stake in Sony Corp (NYSE:SNE) during the fourth quarter, HoldingsChannel reports. The fund acquired 22,128 shares of the company’s stock, valued at approximately $995,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SNE. Endurance Wealth Management Inc. grew its holdings in Sony by 1,028.3% in the 4th quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock valued at $197,000 after buying an additional 4,000 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Sony in the 4th quarter valued at $203,000. SeaCrest Wealth Management LLC acquired a new position in Sony in the 4th quarter valued at $207,000. New England Research & Management Inc. acquired a new position in Sony in the 3rd quarter valued at $213,000. Finally, Brown Advisory Inc. acquired a new position in Sony in the 3rd quarter valued at $214,000. 6.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. JPMorgan Chase & Co. lowered Sony from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised 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. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $59.84 price objective on shares of Sony in a report on Friday, November 17th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $48.19.
Shares of Sony Corp (SNE) opened at $49.55 on Monday. The stock has a market capitalization of $62,609.25, a price-to-earnings ratio of 13.46 and a beta of 1.55. Sony Corp has a 1-year low of $30.70 and a 1-year high of $53.91. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.
Sony (NYSE:SNE) last released its earnings results on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.74. The company had revenue of $2,672.32 billion for the quarter, compared to analyst estimates of $2,560.40 billion. Sony had a return on equity of 15.00% and a net margin of 6.29%. Sony’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $15.55 EPS. research analysts anticipate that Sony Corp will post 3.3 earnings per share for the current year.
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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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