Clark Estates Inc. NY Has $7.20 Million Stock Holdings in Sony Corporation $SONY

Clark Estates Inc. NY lessened its stake in Sony Corporation (NYSE:SONYFree Report) by 37.5% in the third quarter, Holdings Channel reports. The firm owned 250,000 shares of the company’s stock after selling 150,000 shares during the quarter. Sony accounts for about 1.6% of Clark Estates Inc. NY’s investment portfolio, making the stock its 16th largest position. Clark Estates Inc. NY’s holdings in Sony were worth $7,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Sony in the 3rd quarter valued at approximately $25,000. NewSquare Capital LLC bought a new position in Sony in the second quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC raised its position in Sony by 220.7% during the second 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 in the last quarter. Country Trust Bank bought a new stake in Sony during the second quarter worth $30,000. Finally, Highline Wealth Partners LLC boosted its holdings in shares of Sony by 46.7% in the 3rd quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock valued at $38,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Stock Down 1.5%

SONY stock opened at $21.93 on Monday. The stock has a 50-day simple moving average of $24.04 and a two-hundred day simple moving average of $26.93. Sony Corporation has a twelve month low of $20.42 and a twelve month high of $30.34. The firm has a market capitalization of $132.61 billion, a PE ratio of -109.63, a PEG ratio of 7.79 and a beta of 0.97. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

SONY has been the subject of several recent analyst reports. Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Sanford C. Bernstein restated an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Sony in a report on Wednesday, January 14th. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

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Sony Company 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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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