Sony Corporation $SONY Shares Acquired by Boston Common Asset Management LLC

Boston Common Asset Management LLC increased its stake in Sony Corporation (NYSE:SONY) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,630 shares of the company’s stock after purchasing an additional 30,979 shares during the period. Boston Common Asset Management LLC’s holdings in Sony were worth $6,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SONY. Brighton Jones LLC increased its position in Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after buying an additional 16,094 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Sony by 26.7% during the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after acquiring an additional 37,677 shares during the period. Sivia Capital Partners LLC grew its position in shares of Sony by 23.4% during the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after acquiring an additional 4,172 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Sony by 24.6% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock worth $430,000 after acquiring an additional 3,255 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Sony in the 2nd quarter worth about $26,058,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating on shares of Sony in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sony currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Insider Buying and Selling at Sony

In related news, insider Jonathan Jose Platt sold 16,512 shares of Sony stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the sale, the insider directly owned 83,326 shares in the company, valued at $1,756,512.08. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hiroki Totoki sold 225,000 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of $21.02, for a total transaction of $4,729,500.00. Following the completion of the sale, the chief executive officer directly owned 173,250 shares of the company’s stock, valued at $3,641,715. The trade was a 56.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 771,838 shares of company stock valued at $16,866,580. 7.00% of the stock is currently owned by insiders.

Sony Stock Up 0.2%

SONY opened at $21.16 on Monday. The stock’s 50 day moving average price is $21.26 and its 200 day moving average price is $21.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94. The stock has a market cap of $124.99 billion, a P/E ratio of -105.77, a P/E/G ratio of 1.68 and a beta of 0.94. Sony Corporation has a 12 month low of $19.32 and a 12 month high of $30.34.

Sony (NYSE:SONY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same quarter last year, the firm posted $32.86 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Sony Corporation will post 1.28 earnings per share for the current year.

Sony 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.