HBK Investments L P boosted its stake in Sony Co. (NYSE:SNE) by 64.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,500 shares of the company’s stock after purchasing an additional 54,500 shares during the period. HBK Investments L P’s holdings in Sony were worth $6,226,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of SNE. Stevens Capital Management LP bought a new position in Sony in the 3rd quarter valued at approximately $315,000. Sei Investments Co. lifted its stake in Sony by 1.6% in the 3rd quarter. Sei Investments Co. now owns 348,006 shares of the company’s stock valued at $12,995,000 after purchasing an additional 5,472 shares during the last quarter. Advisor Group Inc. lifted its stake in Sony by 22.5% in the 3rd quarter. Advisor Group Inc. now owns 20,917 shares of the company’s stock valued at $782,000 after purchasing an additional 3,847 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Sony by 68.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,379,352 shares of the company’s stock valued at $51,505,000 after purchasing an additional 562,627 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Sony in the 3rd quarter valued at approximately $16,993,000. 6.98% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on SNE. JPMorgan Chase downgraded shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research note 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 company. The company presently has a consensus rating of “Buy” and an average target price of $48.19.
SNE stock opened at $48.44 on Friday. The firm has a market cap of $61,876.39, a PE ratio of 94.98 and a beta of 1.38. Sony Co. has a 52-week low of $31.32 and a 52-week high of $53.91. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.
Sony (NYSE:SNE) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.74. The firm had revenue of $2,672.32 billion during the quarter, compared to the consensus estimate of $2,560.40 billion. Sony had a net margin of 6.29% and a return on equity of 15.00%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $15.55 earnings per share. research analysts predict that Sony Co. will post 3.86 EPS for the current year.
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Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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