Bleakley Financial Group LLC Has $1.96 Million Stock Holdings in Sony Corporation $SONY

Bleakley Financial Group LLC boosted its position in Sony Corporation (NYSE:SONYFree Report) by 84.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,002 shares of the company’s stock after buying an additional 31,055 shares during the period. Bleakley Financial Group LLC’s holdings in Sony were worth $1,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in shares of Sony during the second quarter valued at about $1,228,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Sony by 14.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 760,207 shares of the company’s stock valued at $21,886,000 after acquiring an additional 95,077 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in Sony during the 3rd quarter valued at about $4,371,000. Thrivent Financial for Lutherans boosted its stake in Sony by 7,377.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock valued at $97,145,000 after purchasing an additional 3,329,147 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Price Performance

SONY opened at $21.65 on Tuesday. Sony Corporation has a fifty-two week low of $20.42 and a fifty-two week high of $30.34. The firm has a 50-day moving average of $23.94 and a 200 day moving average of $26.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. The firm has a market cap of $130.96 billion, a P/E ratio of -108.26, a PEG ratio of 7.79 and a beta of 0.97.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SONY shares. Zacks Research cut Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Wolfe Research upgraded shares of Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $30.00 price target (down from $33.00) on shares of Sony in a research report on Wednesday, January 14th. Finally, Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sony currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Check Out Our Latest Research Report on SONY

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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