Tsuyoshi Kodera Sells 51,000 Shares of Sony (NYSE:SONY) Stock

Sony Corporation (NYSE:SONY) insider Tsuyoshi Kodera sold 51,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total value of $1,047,540.00. Following the completion of the transaction, the insider directly owned 27,553 shares of the company’s stock, valued at $565,938.62. This trade represents a 64.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tsuyoshi Kodera also recently made the following trade(s):

• On Monday, May 18th, Tsuyoshi Kodera sold 17,500 shares of Sony stock. The stock was sold at an average price of $22.61, for a total value of $395,675.00.

Sony Stock Performance

SONY stock opened at $20.34 on Friday. The company has a market capitalization of $120.14 billion, a P/E ratio of -101.67, a PEG ratio of 1.62 and a beta of 0.93. The company has a 50-day simple moving average of $21.32 and a 200 day simple moving average of $22.70. Sony Corporation has a fifty-two week low of $19.63 and a fifty-two week high of $30.34. 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 (NYSE:SONY) last announced its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same period in the previous year, the firm earned $32.86 EPS. Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts predict that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sony

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. YANKCOM Partnership grew its holdings in shares of Sony by 748.7% during the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 861 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Sony during the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in Sony during the fourth quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Sony by 404.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares during the last quarter. Finally, Twin Tree Management LP increased its position in Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock worth $28,000 after purchasing an additional 1,139 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s imaging division could benefit from its new LYTIA L910 sensor, which is designed to improve low-light photos and 4K capture on phones, supporting the company’s semiconductor and mobile camera business. Sony’s new LYTIA L910 camera sensor will turbocharge night shots and 4K capture on phones
• Positive Sentiment: Reports that Sony plans to keep single-player first-party PlayStation games console-exclusive could strengthen the value of the PlayStation ecosystem and help protect software margins. Sony seems to confirm singleplayer first-party PlayStation games will remain console exclusive
• Positive Sentiment: Sony’s new PlayStation hardware patent, including a controller with changing button resistance, suggests continued innovation in gaming accessories and could help keep the platform differentiated. Sony has patented a PlayStation controller with buttons that change hardness during gameplay
• Neutral Sentiment: Sony also received attention for new audio and entertainment-related product/news flow, including luxury headphones and legacy game coverage, but these items are unlikely to move the stock much on their own. Sony drops new 1000X series luxury headphones explained
• Neutral Sentiment: Some commentary framed Sony’s PlayStation strategy as favorable for AI-related uses and less favorable for PC players, but the near-term financial impact is unclear. Sony’s new PlayStation strategy is bad news for PC players and good news for AI
• Negative Sentiment: Sentiment was weighed down by insider selling after Tsuyoshi Kodera sold 51,000 Sony shares for about $1.05 million, trimming his stake by roughly 65%, which investors often view as a cautious signal. SEC filing for insider sale

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating on shares of Sony in a report on Monday, May 11th. Sanford C. Bernstein restated 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 reaffirmed a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.00.

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.