Sequoia Financial Advisors LLC Boosts Holdings in Sony Corporation $SONY

Sequoia Financial Advisors LLC increased its holdings in Sony Corporation (NYSE:SONY) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 126,542 shares of the company’s stock after acquiring an additional 13,450 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sony were worth $3,294,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in Sony in the 1st quarter worth approximately $31,000. Trust Co. of Toledo NA OH purchased a new position in Sony in the 2nd quarter worth approximately $39,000. Zions Bancorporation National Association UT purchased a new position in Sony in the 1st quarter worth approximately $47,000. Financial Management Professionals Inc. lifted its holdings in Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after purchasing an additional 889 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Sony during the 1st quarter worth approximately $60,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Sony Stock Performance

NYSE SONY opened at $28.80 on Wednesday. The company has a market cap of $174.14 billion, a P/E ratio of 22.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The business’s 50 day moving average price is $28.46 and its 200-day moving average price is $26.12. Sony Corporation has a fifty-two week low of $17.42 and a fifty-two week high of $30.28.

Sony (NYSE:SONY) last released its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion for 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 quarter in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

Sony Company 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.