Jefferies Group LLC Acquires 28,824 Shares of Sony Corp (SNE)

Jefferies Group LLC boosted its holdings in shares of Sony Corp (NYSE:SNE) by 218.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,000 shares of the company’s stock after acquiring an additional 28,824 shares during the period. Jefferies Group LLC’s holdings in Sony were worth $1,888,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in Sony in the fourth quarter worth about $109,000. Endurance Wealth Management Inc. raised its holdings in Sony by 1,028.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock worth $197,000 after buying an additional 4,000 shares during the last quarter. Raymond James Trust N.A. purchased a new position in Sony in the fourth quarter worth about $203,000. SeaCrest Wealth Management LLC purchased a new position in Sony in the fourth quarter worth about $207,000. Finally, Oak Grove Capital LLC purchased a new position in Sony in the fourth quarter worth about $211,000. 6.98% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on SNE. JPMorgan Chase & Co. cut shares of Sony from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Jefferies Group reiterated a “buy” rating and issued a $59.84 price target on shares of Sony in a research note on Friday, November 17th. Four investment 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. Sony presently has an average rating of “Buy” and a consensus target price of $48.19.

Shares of Sony Corp (NYSE:SNE) opened at $50.07 on Wednesday. Sony Corp has a 12 month low of $31.29 and a 12 month high of $53.91. The company has a market cap of $63,190.48, a P/E ratio of 14.13 and a beta of 1.45. 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 announced its quarterly earnings results on Friday, February 2nd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.74. Sony had a net margin of 6.29% and a return on equity of 15.00%. The firm had revenue of $2,672.32 billion during the quarter, compared to analyst estimates of $2,560.40 billion. During the same period in the previous year, the business posted $15.55 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts anticipate that Sony Corp will post 3.86 EPS for the current fiscal year.

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About Sony

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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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