Sony Sees Unusually Large Options Volume (SNE)

Sony Corp (NYSE:SNE) was the target of unusually large options trading on Friday. Stock investors acquired 15,854 call options on the company. This represents an increase of 1,347% compared to the average daily volume of 1,096 call options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. bought a new stake in shares of Sony during the fourth quarter valued at approximately $203,000. Greenwood Capital Associates LLC bought a new stake in shares of Sony during the fourth quarter valued at approximately $2,467,000. Ballentine Partners LLC increased its holdings in shares of Sony by 20.6% during the fourth quarter. Ballentine Partners LLC now owns 6,872 shares of the company’s stock valued at $308,000 after acquiring an additional 1,172 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Sony by 30.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 9,631 shares of the company’s stock valued at $433,000 after acquiring an additional 2,232 shares in the last quarter. Finally, Rockefeller Financial Services Inc. increased its holdings in shares of Sony by 117.5% during the fourth quarter. Rockefeller Financial Services Inc. now owns 65,274 shares of the company’s stock valued at $2,934,000 after acquiring an additional 35,257 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

SNE has been the subject of a number of research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $59.84 target price 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 target price for the company in a report on Tuesday, January 2nd. Morgan Stanley downgraded Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase & Co. downgraded Sony from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Sony presently has a consensus rating of “Buy” and an average target price of $48.19.

Shares of Sony (NYSE SNE) opened at $51.99 on Monday. The company has a market capitalization of $63,460.00, a P/E ratio of 28.57 and a beta of 1.55. Sony has a 1-year low of $30.70 and a 1-year high of $53.91. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17.

Sony (NYSE:SNE) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.89 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 return on equity of 7.97% and a net margin of 3.17%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $15.55 earnings per share. sell-side analysts expect that Sony will post 2.92 EPS for the current 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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