Atria Investments Inc Sells 27,091 Shares of Sony Corporation $SONY

Atria Investments Inc cut its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,292 shares of the company’s stock after selling 27,091 shares during the quarter. Atria Investments Inc’s holdings in Sony were worth $6,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in Sony in the third quarter worth approximately $25,000. NewSquare Capital LLC bought a new position in shares of Sony during the 2nd quarter worth about $28,000. GPS Wealth Strategies Group LLC grew its position in Sony by 220.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after purchasing an additional 790 shares during the period. Country Trust Bank bought a new stake in Sony during the 2nd quarter worth approximately $30,000. Finally, Highline Wealth Partners LLC boosted its holdings in Sony by 46.7% during the 3rd quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after acquiring an additional 419 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SONY. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings lowered Sony from a “buy (b-)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Sony to a “hold” rating in a research report on Saturday, December 6th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sony has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Check Out Our Latest Analysis on Sony

Sony Price Performance

Shares of NYSE:SONY opened at $23.18 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34. The firm’s 50 day simple moving average is $24.50 and its two-hundred day simple moving average is $26.97. The company has a market capitalization of $140.18 billion, a P/E ratio of -115.89, a P/E/G ratio of 8.26 and a beta of 0.97.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

Sony Profile

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

Read More

Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corporation (NYSE:SONYFree Report).

Institutional Ownership by Quarter for Sony (NYSE:SONY)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.