O Brien Greene & Co. Inc Makes New Investment in Sony Corporation $SONY

O Brien Greene & Co. Inc bought a new stake in Sony Corporation (NYSE:SONYFree Report) during the third quarter, Holdings Channel.com reports. The firm bought 189,928 shares of the company’s stock, valued at approximately $5,468,000. Sony accounts for 1.7% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in Sony in the 2nd quarter valued at about $1,228,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Sony by 14.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 760,207 shares of the company’s stock worth $21,886,000 after buying an additional 95,077 shares during the period. JCIC Asset Management Inc. acquired a new stake in shares of Sony during the third quarter valued at about $4,371,000. Thrivent Financial for Lutherans increased its position in shares of Sony by 7,377.3% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock valued at $97,145,000 after acquiring an additional 3,329,147 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after acquiring an additional 16,094 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

Sony Stock Performance

NYSE:SONY opened at $21.65 on Tuesday. Sony Corporation has a 52 week low of $20.42 and a 52 week high of $30.34. The company has a fifty day simple moving average of $23.94 and a two-hundred day simple moving average of $26.90. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The company has a market cap of $130.96 billion, a price-to-earnings ratio of -108.26, a price-to-earnings-growth ratio of 7.79 and a beta of 0.97.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Sanford C. Bernstein restated an “outperform” rating and set a $30.00 price target (down from $33.00) on shares of Sony in a research note on Wednesday, January 14th. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised Sony to a “hold” rating in a research note on Saturday, December 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Check Out Our Latest Stock Report on SONY

Sony 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.

See Also

Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corporation (NYSE:SONYFree Report).

Institutional Ownership by Quarter for Sony (NYSE:SONY)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.