Optas LLC Acquires 494 Shares of Sony Corporation $SONY

Optas LLC boosted its holdings in Sony Corporation (NYSE:SONY) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,052 shares of the company’s stock after buying an additional 494 shares during the quarter. Optas LLC’s holdings in Sony were worth $496,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in Sony by 17.6% in the 2nd quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock valued at $15,240,000 after buying an additional 87,649 shares during the last quarter. Compound Planning Inc. raised its position in shares of Sony by 18.7% during the first quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after acquiring an additional 15,336 shares during the last quarter. BSW Wealth Partners raised its position in shares of Sony by 87.0% during the first quarter. BSW Wealth Partners now owns 26,662 shares of the company’s stock worth $677,000 after acquiring an additional 12,404 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Sony by 30.6% during the first quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock worth $12,222,000 after acquiring an additional 112,746 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Sony by 18.4% during the first quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock worth $2,203,000 after acquiring an additional 13,493 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Sony Trading Up 0.1%

Shares of SONY stock opened at $29.77 on Thursday. The company has a market cap of $180.04 billion, a P/E ratio of 23.63 and a beta of 0.95. The stock has a 50 day simple moving average of $28.10 and a two-hundred day simple moving average of $26.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.25.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the previous year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Research analysts forecast that Sony Corporation will post 1.23 earnings per share for the current year.

Sony Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.