US Bancorp DE lessened its stake in Sony Corp (NYSE:SNE) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,112 shares of the company’s stock after selling 20,962 shares during the period. US Bancorp DE’s holdings in Sony were worth $9,286,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SNE. Sageworth Trust Co bought a new stake in Sony in the 2nd quarter worth approximately $103,000. First Hawaiian Bank bought a new stake in shares of Sony during the 3rd quarter valued at $120,000. Chicago Partners Investment Group LLC grew its position in shares of Sony by 60.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock valued at $122,000 after acquiring an additional 895 shares during the period. Financial Architects Inc bought a new stake in shares of Sony during the 3rd quarter valued at $133,000. Finally, Credit Agricole S A bought a new stake in shares of Sony during the 2nd quarter valued at $146,000. 7.70% of the stock is owned by institutional investors and hedge funds.
Shares of SNE stock opened at $54.07 on Friday. Sony Corp has a 1 year low of $44.37 and a 1 year high of $61.02. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The firm has a market cap of $69.82 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63.
SNE has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research report on Friday, August 3rd. Credit Suisse Group raised shares of Sony from a “neutral” rating to an “outperform” rating in a research report on Monday, September 10th. ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Sony in a research report on Friday, October 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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