Sony Corp Ord Target of Unusually High Options Trading (SNE)
Sony Corp Ord (NYSE:SNE) was the target of some unusual options trading activity on Wednesday. Stock traders bought 12,796 call options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 call options.
SNE has been the topic of several research reports. Citigroup Inc downgraded 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 note on Monday, September 11th. Morgan Stanley downgraded shares of Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Credit Suisse Group downgraded shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Zacks Investment Research upgraded shares of Sony Corp Ord from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $43.42.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after acquiring an additional 139 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Sony Corp Ord in the second quarter worth $119,000. Parallax Volatility Advisers L.P. grew its stake in shares of Sony Corp Ord by 206.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after acquiring an additional 8,451 shares during the last quarter. Opes Advisors Inc purchased a new stake in shares of Sony Corp Ord in the second quarter worth $206,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Sony Corp Ord in the second quarter worth $201,000. 6.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sony Corp Ord (SNE) opened at $44.81 on Friday. The company has a market capitalization of $56,701.77, a PE ratio of 25.22 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Sony Corp Ord had a return on equity of 7.97% and a net margin of 3.17%. The firm had revenue of $1,858.10 billion for the quarter, compared to analysts’ expectations of $1,735.86 billion. During the same period in the prior year, the firm posted $16.44 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. equities research analysts expect that Sony Corp Ord will post 2.62 EPS for the current fiscal year.
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About Sony Corp Ord
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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