Sony (NYSE:SONY) Insider Toshimoto Mitomo Sells 25,000 Shares of Stock

Sony Corporation (NYSE:SONY) insider Toshimoto Mitomo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of $21.02, for a total value of $525,500.00. Following the transaction, the insider directly owned 115,700 shares of the company’s stock, valued at $2,432,014. The trade was a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sony Trading Up 1.2%

NYSE SONY traded up $0.26 on Tuesday, hitting $21.41. The company’s stock had a trading volume of 2,350,009 shares, compared to its average volume of 6,291,482. The firm has a market cap of $126.52 billion, a P/E ratio of -107.07, a PEG ratio of 1.65 and a beta of 0.94. Sony Corporation has a 52-week low of $19.32 and a 52-week high of $30.34. The company’s 50-day simple moving average is $21.10 and its 200 day simple moving average is $22.09. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10.

Sony (NYSE:SONY) last posted its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The business had revenue of $19.15 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. Sony’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $32.86 earnings per share. Research analysts predict that Sony Corporation will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Sony

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in shares of Sony during the fourth quarter valued at approximately $2,922,000. Brighton Jones LLC raised its holdings in Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after acquiring an additional 16,094 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Sony by 28.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 973,178 shares of the company’s stock valued at $24,913,000 after acquiring an additional 212,971 shares in the last quarter. Capital International Investors boosted its stake in Sony by 245.0% during the 3rd quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock valued at $176,044,000 after purchasing an additional 4,296,028 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in 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 purchasing an additional 228,108 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

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.