Advisory Resource Group Sells 8,285 Shares of Sony Corporation (NYSE:SONY)

Advisory Resource Group trimmed its holdings in Sony Corporation (NYSE:SONY) by 16.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,772 shares of the company’s stock after selling 8,285 shares during the period. Advisory Resource Group’s holdings in Sony were worth $1,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Analysts LLC increased its stake in Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after purchasing an additional 936 shares during the period. City Holding Co. purchased a new stake in shares of Sony during the first quarter valued at $30,000. Fairscale Capital LLC grew its holdings in shares of Sony by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Accent Capital Management LLC increased its stake in Sony by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after buying an additional 1,104 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its holdings in Sony by 400.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,200 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SONY has been the topic of a number of research reports. Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony in a report on Thursday, February 20th. The Goldman Sachs Group began coverage on Sony in a report on Tuesday, March 25th. They issued a “buy” rating for the company. Finally, Wolfe Research reissued a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

Sony Stock Performance

Shares of SONY stock opened at $25.86 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a 1 year low of $15.96 and a 1 year high of $26.95. The business has a fifty day moving average of $25.27 and a 200 day moving average of $23.51. The firm has a market capitalization of $156.36 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 12.33 and a beta of 0.96.

About Sony

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.