Dorsey Wright & Associates purchased a new position in shares of Sony Corp (NYSE:SNE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 101,373 shares of the company’s stock, valued at approximately $6,148,000.
Other institutional investors have also bought and sold shares of the company. Boston Partners acquired a new position in shares of Sony during the 2nd quarter worth $71,195,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Sony by 16.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,388 shares of the company’s stock worth $454,000 after buying an additional 1,309 shares in the last quarter. Marietta Investment Partners LLC raised its holdings in shares of Sony by 3.0% during the 2nd quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock worth $2,248,000 after buying an additional 1,292 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sony by 6.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,057,700 shares of the company’s stock worth $54,218,000 after buying an additional 62,100 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new position in Sony in the 2nd quarter worth about $13,840,000. 7.61% of the stock is owned by institutional investors.
SNE traded down $0.01 on Friday, reaching $55.51. The stock had a trading volume of 1,412,000 shares, compared to its average volume of 1,113,314. Sony Corp has a fifty-two week low of $36.76 and a fifty-two week high of $61.02. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.15. The stock has a market cap of $76.63 billion, a PE ratio of 16.93, a PEG ratio of 2.05 and a beta of 1.41.
Sony (NYSE:SNE) last issued its earnings results on Tuesday, July 31st. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.44. Sony had a return on equity of 16.74% and a net margin of 7.32%. The business had revenue of $1,953.62 billion during the quarter, compared to analysts’ expectations of $1,882.28 billion. During the same quarter in the prior year, the firm earned $62.70 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Sony Corp will post 4.17 EPS for the current year.
SNE has been the subject of a number of recent research reports. Zacks Investment Research cut Sony from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. Finally, ValuEngine raised Sony from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $74.15.
Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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