Insider Selling: Sony (NYSE:SONY) Insider Sells $395,675.00 in Stock

Sony Corporation (NYSE:SONY) insider Tsuyoshi Kodera sold 17,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $395,675.00. Following the completion of the transaction, the insider owned 27,553 shares in the company, valued at $622,973.33. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sony Stock Down 1.2%

Shares of Sony stock opened at $22.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. Sony Corporation has a 12 month low of $19.63 and a 12 month high of $30.34. The business has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $23.73. The stock has a market cap of $134.13 billion, a PE ratio of -112.72, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92.

Sony (NYSE:SONY) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same period last year, the firm earned $32.86 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts predict that Sony Corporation will post 1.3 EPS for the current year.

Sony Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 8th. Investors of record on Monday, March 30th will be paid a dividend of $0.0796 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a dividend yield of 80.0%. Sony’s payout ratio is -55.00%.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Negative Sentiment: Director Kenichiro Yoshida sold 400,000 shares of Sony stock, and insider Tsuyoshi Kodera also sold shares. Large insider sales can hurt sentiment because they may suggest management sees limited near-term upside. Article Title Article Title
• Negative Sentiment: Analysts kept Sony at an average “Hold” rating, which reinforces a cautious outlook and limits enthusiasm for a major re-rating in the stock. Article Title
• Negative Sentiment: One report said Sony is being sued over alleged tariff-related price hikes, adding legal and reputational overhang around the gaming business. Article Title
• Negative Sentiment: A separate article suggested Sony’s Days of Play promotion may not include PS5 discounts, which could disappoint gamers and soften the near-term sales buzz around PlayStation hardware. Article Title

Institutional Investors Weigh In On Sony

Several hedge funds have recently bought and sold shares of SONY. YANKCOM Partnership raised its holdings in Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after purchasing an additional 861 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Sony during the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new stake in shares of Sony during the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Sony by 404.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock worth $28,000 after acquiring an additional 889 shares in the last quarter. Finally, Twin Tree Management LP increased its position in shares of Sony by 4,218.5% during the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock worth $28,000 after acquiring an additional 1,139 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SONY shares. Benchmark reiterated a “buy” rating on shares of Sony in a report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $22.00 target price (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Finally, Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sony has an average rating of “Hold” and a consensus target price of $22.00.

About Sony

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.