Allspring Global Investments Holdings LLC Reduces Position in Sony Corporation $SONY

Allspring Global Investments Holdings LLC trimmed its holdings in Sony Corporation (NYSE:SONY) by 94.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,546 shares of the company’s stock after selling 2,046,250 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sony were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. acquired a new position in Sony in the 1st quarter valued at about $23,933,000. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 16,094 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Sony by 28.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 973,178 shares of the company’s stock worth $24,913,000 after buying an additional 212,971 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Sony by 338.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 295,454 shares of the company’s stock valued at $6,116,000 after buying an additional 228,108 shares during the period. Finally, Assetmark Inc. raised its position in shares of Sony by 15.8% during the 4th quarter. Assetmark Inc. now owns 1,690,393 shares of the company’s stock valued at $43,274,000 after buying an additional 230,438 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Tsuyoshi Kodera sold 51,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total transaction of $1,047,540.00. Following the completion of the transaction, the insider directly owned 27,553 shares of the company’s stock, valued at $565,938.62. The trade was a 64.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $525,500.00. Following the sale, the insider owned 115,700 shares in the company, valued at approximately $2,432,014. This trade represents a 17.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 771,838 shares of company stock valued at $16,866,580. Corporate insiders own 7.00% of the company’s stock.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony Pictures reportedly secured or expanded distribution ties for new films including Ramayana and Los Hilos del Miedo, which could support future content revenue and reinforce Sony’s role in global film distribution. Ramayana Movie Lands at Sony
• Positive Sentiment: Sony is said to be reopening Hollywood’s Cinerama Dome and ArcLight Cinemas, a move that could boost theater operations and signal confidence in a rebound in moviegoing demand. Sony to reopen Hollywood’s Cinerama Dome and ArcLight Cinemas
• Positive Sentiment: Sony launched or highlighted a new FX5 cinema camera with 5K open-gate recording, internal RAW support, and AI features, reinforcing its premium imaging franchise and product pipeline. Sony’s new cinema camera offers 5K recording, built-in AI processing
• Positive Sentiment: Sony’s new high-end “The Collexion” headphones are getting favorable attention, and cheaper XM5 pricing may help stimulate demand in consumer audio. Sony’s ‘The Collexion’ Headphones Set New Standard for Audio Engineering and Sound Design
• Neutral Sentiment: Several reports about Sony’s cinema camera FX5 emphasized technical upgrades, but they are more of a product refresh than a clear near-term earnings catalyst. Sony FX5 Launches With a New Sensor Open Gate Recording and Internal RAW Support
• Negative Sentiment: One report warned that Sony’s push to end physical discs could hurt the $7.2 billion used-games market, raising concerns about pushback from gamers and the broader gaming ecosystem. Sony’s decision to end physical discs could destroy the $7.2 Billion second-hand games market, per analysis

Sony Stock Up 1.6%

Shares of SONY opened at $21.01 on Friday. The company’s 50-day simple moving average is $21.14 and its 200-day simple moving average is $21.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. Sony Corporation has a 1 year low of $19.32 and a 1 year high of $30.34. The stock has a market capitalization of $124.15 billion, a PE ratio of -105.06, a P/E/G ratio of 1.67 and a beta of 0.94.

Sony (NYSE:SONY) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share 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 business had revenue of $19.15 billion during 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 for the quarter was up 8.3% on a year-over-year basis. Analysts forecast that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Sony in a research report on Monday, May 11th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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.