Keybank National Association OH Boosts Holdings in Sony Corporation $SONY

Keybank National Association OH boosted its holdings in shares of Sony Corporation (NYSE:SONY) by 31.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,426 shares of the company’s stock after buying an additional 32,197 shares during the quarter. Keybank National Association OH’s holdings in Sony were worth $2,803,000 at the end of the most recent quarter.

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

Sony Trading Down 0.0%

Shares of Sony stock opened at $20.79 on Monday. The company has a market capitalization of $122.81 billion, a P/E ratio of -103.93, a P/E/G ratio of 1.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The company has a fifty day moving average of $21.09 and a 200 day moving average of $22.12. Sony Corporation has a fifty-two week low of $19.32 and a fifty-two week high of $30.34.

Sony (NYSE:SONY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.09 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 business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the prior year, the business earned $32.86 earnings per share. Sony’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of several recent research reports. Benchmark reissued a “buy” rating on shares of Sony in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sony has a consensus rating of “Hold” and an average target price of $22.00.

Sony News Summary

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s shift away from physical PlayStation discs could improve margins over time by reducing manufacturing, packaging, and logistics costs, and it signals a more digital-focused business model for future console generations. Sony is first console giant to stop making physical games
• Positive Sentiment: One report noted Sony’s stock climbed after the all-digital announcement, suggesting investors may be focusing on the long-term financial benefits of the transition rather than the fan backlash. Sony Stock Climbs After PlayStation’s All-Digital Announcement Despite Fan Backlash
• Neutral Sentiment: Former Sony leadership comments that PlayStation’s disc-less strategy could influence Xbox and Nintendo reinforce the idea that Sony is setting an industry trend, but this is more of a strategic headline than an immediate earnings catalyst. PlayStation’s disc-less future could heavily influence Xbox and Nintendo, former Sony boss says
• Negative Sentiment: The move has triggered strong backlash from gamers and media coverage portraying Sony as abandoning physical ownership, which could create reputational noise and pressure around the PlayStation brand in the near term. Brands smell blood in the water after PlayStation axes game discs — and they’re roasting Sony for it

Insider Activity at Sony

In related news, insider Tsuyoshi Kodera sold 51,000 shares of Sony stock in a transaction that occurred 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 sale, the insider owned 27,553 shares of the company’s stock, valued at approximately $565,938.62. This trade represents a 64.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenichiro Yoshida sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the transaction, the director directly owned 661,615 shares in the company, valued at approximately $14,959,115.15. This represents a 37.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 468,500 shares of company stock worth $10,487,215 in the last three months. 7.00% of the stock is owned by corporate insiders.

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.