Sony (NYSE:SONY) Raised to Hold at Wall Street Zen

Sony (NYSE:SONY) was upgraded by Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Finally, Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, Sony currently has an average rating of “Buy” and a consensus target price of $33.00.

Sony Stock Down 1.0%

SONY stock opened at $28.01 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.98. The company’s 50 day simple moving average is $28.76 and its 200-day simple moving average is $27.30. The firm has a market capitalization of $169.39 billion, a PE ratio of 21.55, a P/E/G ratio of 10.84 and a beta of 0.97. Sony has a 12 month low of $19.85 and a 12 month high of $30.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in Sony during the 3rd quarter valued at $25,000. NewSquare Capital LLC acquired a new position in Sony during the second quarter valued at $28,000. Ameriflex Group Inc. boosted its holdings in shares of Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after purchasing an additional 760 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after acquiring an additional 790 shares in the last quarter. Finally, Country Trust Bank acquired a new position in Sony in the 2nd quarter worth about $30,000. 14.05% of the stock is currently owned by institutional investors.

About Sony

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.