Opal Wealth Advisors LLC Makes New Investment in Sony Corporation $SONY

Opal Wealth Advisors LLC bought a new stake in shares of Sony Corporation (NYSE:SONY) in the 3rd quarter, HoldingsChannel reports. The fund bought 22,620 shares of the company’s stock, valued at approximately $532,000.

A number of other hedge funds also recently made changes to their positions in the business. Retirement Wealth Solutions LLC boosted its holdings in shares of Sony by 173.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 1,316 shares of the company’s stock worth $31,000 after buying an additional 834 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Sony during the first quarter valued at about $32,000. SHP Wealth Management bought a new position in Sony during the fourth quarter valued at about $33,000. Evelyn Partners Asset Management Ltd purchased a new stake in Sony during the first quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in Sony by 56.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,736 shares of the company’s stock worth $36,000 after buying an additional 627 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sony

In other Sony news, insider Tsuyoshi Kodera sold 17,100 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.72, for a total transaction of $388,512.00. Following the completion of the transaction, the insider owned 47,508 shares in the company, valued at $1,079,381.76. This trade represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kenji Tanaka sold 20,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $23.83, for a total transaction of $476,600.00. Following the transaction, the insider owned 43,899 shares of the company’s stock, valued at $1,046,113.17. This represents a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 598,227 shares of company stock valued at $13,488,286 in the last three months. 7.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Monday, August 17th. Benchmark reissued a “buy” rating on shares of Sony in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Sony from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, UBS Group lowered their price target on shares of Sony from $560.00 to $525.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $373.00.

Sony Stock Performance

Shares of SONY traded up $0.20 during mid-day trading on Friday, hitting $24.89. The stock had a trading volume of 4,198,597 shares, compared to its average volume of 3,663,016. Sony Corporation has a 52 week low of $19.32 and a 52 week high of $30.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 0.97. The business has a fifty day moving average price of $23.92 and a 200-day moving average price of $22.19. The firm has a market cap of $147.08 billion, a P/E ratio of 22.23, a PEG ratio of 1.61 and a beta of 0.99.

Sony (NYSE:SONY) last posted its quarterly earnings results on Saturday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%. The company had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.17 billion. During the same quarter in the prior year, the company earned $42.84 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Sony Corporation will post 1.45 EPS for the current year.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony introduced an updated premium Walkman lineup, including the flagship gold-plated NW-WM1ZM3, the NW-WM1AM3 and the NW-ZX900. The products’ high prices target audiophiles and could support premium branding and niche hardware margins, although the financial contribution is likely modest. Sony premium Walkman lineup announcement
• Positive Sentiment: A new ECM-W5 wireless microphone system positions Sony against DJI and offers integration advantages for Sony camera users. This could strengthen Sony’s imaging ecosystem and accessory sales. Sony ECM-W5 microphone announcement
• Positive Sentiment: Sony Music Publishing formed a strategic partnership with Leader Entertainment, adding a potentially supportive development for Sony’s music-licensing and publishing operations. Sony Music Publishing partnership
• Neutral Sentiment: Sony’s $350 Midnight Black PS5 generated attention, but limited availability and the product’s likely lower-margin positioning make the near-term earnings impact unclear. Sony discounted PS5 report
• Negative Sentiment: Reports that the roughly two-year-old Xperia 10 VI will not receive Android 17 despite Sony’s stated software-update commitments could hurt consumer trust and weigh on Xperia’s competitiveness. Sony Xperia Android 17 update report

Sony Profile

Sony Group Corporation is a Japan-based global entertainment and technology company headquartered in Tokyo. Founded in 1946 as Tokyo Tsushin Kogyo, the company adopted the Sony name in 1958. Sony’s businesses serve consumers and commercial customers worldwide across entertainment, electronics, imaging and digital services.

Sony’s principal activities include its Game & Network Services business, centered on the PlayStation platform, hardware, software and online services; Music, which develops and distributes recorded music and manages music publishing; and Pictures, which produces and distributes films, television programs and other visual entertainment.