Sony Corporation $SONY Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC trimmed its holdings in Sony Corporation (NYSE:SONYFree Report) by 2.6% in the 1st quarter, HoldingsChannel reports. The fund owned 43,937,137 shares of the company’s stock after selling 1,153,022 shares during the quarter. Sony makes up approximately 1.9% of Aristotle Capital Management LLC’s holdings, making the stock its 18th biggest holding. Aristotle Capital Management LLC’s holdings in Sony were worth $909,500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. YANKCOM Partnership lifted its position in Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after buying an additional 861 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Sony during the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of Sony in the 4th quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Sony by 404.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after acquiring an additional 889 shares during the period. Finally, Twin Tree Management LP lifted its holdings in shares of Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock worth $28,000 after acquiring an additional 1,139 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

SONY has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a report on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Sony in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Check Out Our Latest Research Report on Sony

Sony Stock Performance

Shares of SONY stock opened at $21.01 on Friday. The firm has a 50 day moving average of $21.14 and a two-hundred day moving average of $21.65. The stock has a market capitalization of $124.15 billion, a PE ratio of -105.06, a P/E/G ratio of 1.64 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. Sony Corporation has a 52 week low of $19.32 and a 52 week high of $30.34.

Sony (NYSE:SONYGet Free Report) last posted 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 negative net margin of 2.61% and a positive return on equity of 12.20%. The company had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same period in the prior year, the business earned $32.86 EPS. Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts predict that Sony Corporation will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Toshimoto Mitomo sold 25,000 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 $525,500.00. Following the completion of the transaction, the insider directly owned 115,700 shares of the company’s stock, valued at approximately $2,432,014. This represents a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan Jose Platt sold 16,512 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the completion of the transaction, the insider owned 83,326 shares in the company, valued at $1,756,512.08. This represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 771,838 shares of company stock valued at $16,866,580 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

More Sony News

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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.

Further Reading

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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