Sony Corp (NYSE:SNE) was the target of unusually large options trading activity on Monday. Investors bought 1,188 put options on the stock. This represents an increase of approximately 814% compared to the average daily volume of 130 put options.

A number of hedge funds have recently made changes to their positions in SNE. Bank of Montreal Can lifted its stake in Sony by 0.3% in the second quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after acquiring an additional 87 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Sony in the second quarter valued at $268,000. Chicago Partners Investment Group LLC acquired a new stake in Sony in the second quarter valued at $119,000. Wetherby Asset Management Inc. lifted its stake in Sony by 8.5% in the second quarter. Wetherby Asset Management Inc. now owns 26,286 shares of the company’s stock valued at $1,004,000 after acquiring an additional 2,052 shares during the last quarter. Finally, Athos Capital Ltd acquired a new stake in Sony in the second quarter valued at $344,000. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Shares of Sony (NYSE:SNE) opened at $44.91 on Thursday. The company has a market cap of $57,050.00, a price-to-earnings ratio of 25.72 and a beta of 1.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. Sony has a 12 month low of $27.91 and a 12 month high of $48.33.

Several research analysts recently commented on the stock. Credit Suisse Group cut shares of Sony from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Morgan Stanley cut shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Jefferies Group restated a “buy” rating and set a $59.84 target price on shares of Sony in a report on Friday, November 17th. Citigroup cut shares of Sony from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.60 to $39.93 in a report on Monday, September 11th. Finally, Zacks Investment Research cut shares of Sony from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.94.

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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, Devices, Pictures, Music, Financial Services and All Other.

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