Allspring Global Investments Holdings LLC Sells 129,023 Shares of Sony Corporation $SONY

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Sony Corporation (NYSE:SONY) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,164,796 shares of the company’s stock after selling 129,023 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sony were worth $56,025,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Sony during the third quarter worth $25,000. Ameriflex Group Inc. increased its holdings in shares of Sony by 304.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $29,000 after acquiring an additional 760 shares during the period. Binnacle Investments Inc increased its holdings in shares of Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock valued at $30,000 after acquiring an additional 464 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Sony in the 3rd quarter worth $33,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Sony by 60.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,345 shares of the company’s stock worth $34,000 after acquiring an additional 505 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony sealed a BRAVIA joint-venture with TCL to spin off the home-entertainment TV unit (TCL takes a majority stake). Markets typically view such deals as value-creating and capital-light for Sony’s higher-growth segments; this is likely the biggest near-term driver of the rally. Read More.
• Positive Sentiment: An analyst upgrade/positive thesis highlighted Sony as a “wide moat compounder” at an attractive multiple, which supports bullish investor sentiment and may attract value-focused flows. Read More.
• Positive Sentiment: Sony confirmed April PlayStation Plus monthly games — steady content and subscription engagement are supportive for recurring revenue expectations in the gaming segment. Read More.
• Positive Sentiment: Retail promotions (Amazon’s Big Spring Sale) are driving heavy discounting on Sony headphones (e.g., WH-1000XM5), which can lift near-term consumer electronics sales and clear inventory ahead of new product cycles. Read More.
• Neutral Sentiment: Brokerage coverage shows a price target around $22 — close to current levels, suggesting limited immediate upside from consensus price-target revisions but providing support. Read More.
• Neutral Sentiment: Sony is expanding regional media (launch of a Kannada sports channel) and continues to roll out new audio/BRAVIA product lines — incremental, steady revenue catalysts but smaller scale vs. the TCL JV. Read More.
• Negative Sentiment: Sony temporarily suspended most SD/memory card sales due to a global memory shortage; supply constraints can dent sales and margins in imaging and accessories in the near term. Read More.
• Negative Sentiment: Product/design leaks and a patent that could affect cross-platform play drew press; these are reputational/competitive items that may worry gamers or partners but are lower-impact than the corporate JV or supply issues. Read More.

Sony Stock Performance

Shares of SONY stock opened at $21.14 on Thursday. Sony Corporation has a 12-month low of $19.74 and a 12-month high of $30.34. The business’s fifty day simple moving average is $21.78 and its 200-day simple moving average is $25.63. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The company has a market cap of $125.74 billion, a PE ratio of -105.67, a PEG ratio of 7.35 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Sony to a “hold” rating in a research report on Saturday, December 6th. Zacks Research downgraded shares of Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sony presently has an average rating of “Hold” and an average price target of $22.00.

Sony Company Profile

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.