CW Advisors LLC Acquires 20,990 Shares of Sony Corporation $SONY

CW Advisors LLC boosted its holdings in Sony Corporation (NYSE:SONY) by 35.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,782 shares of the company’s stock after acquiring an additional 20,990 shares during the quarter. CW Advisors LLC’s holdings in Sony were worth $2,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Sony in the second quarter worth approximately $61,000. Blueshift Asset Management LLC bought a new stake in Sony during the second quarter valued at approximately $246,000. Fisher Asset Management LLC grew its stake in Sony by 19.0% in the 2nd quarter. Fisher Asset Management LLC now owns 101,878,066 shares of the company’s stock worth $2,651,886,000 after buying an additional 16,280,542 shares in the last quarter. Trustmark Bank Trust Department increased its holdings in shares of Sony by 74.5% in the 2nd quarter. Trustmark Bank Trust Department now owns 80,414 shares of the company’s stock worth $2,093,000 after buying an additional 34,344 shares during the last quarter. Finally, West Family Investments Inc. raised its position in shares of Sony by 26.6% during the 2nd quarter. West Family Investments Inc. now owns 33,843 shares of the company’s stock valued at $881,000 after buying an additional 7,118 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SONY shares. Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Wall Street Zen raised Sony to a “hold” rating in a research note on Saturday. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Sony has an average rating of “Buy” and an average price target of $33.00.

Sony Stock Performance

Sony stock opened at $28.01 on Monday. The firm has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $27.33. Sony Corporation has a twelve month low of $19.85 and a twelve month high of $30.34. The company has a market capitalization of $169.39 billion, a PE ratio of 21.55, a P/E/G ratio of 10.74 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Sony Profile

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.