Kathmere Capital Management LLC Increases Stock Position in Sony Corporation (NYSE:SONY)

Kathmere Capital Management LLC boosted its stake in shares of Sony Corporation (NYSE:SONY) by 81.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,057 shares of the company’s stock after buying an additional 8,985 shares during the quarter. Kathmere Capital Management LLC’s holdings in Sony were worth $509,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SONY. Brighton Jones LLC boosted its stake in Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after buying an additional 16,094 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Sony by 507.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,130 shares of the company’s stock worth $10,181,000 after buying an additional 401,919 shares during the period. Proficio Capital Partners LLC purchased a new position in Sony during the fourth quarter worth about $329,000. Independent Advisor Alliance purchased a new position in Sony during the fourth quarter worth about $228,000. Finally, Wealthfront Advisers LLC purchased a new position in Sony during the fourth quarter worth about $838,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

SONY has been the topic of several research reports. Wolfe Research reissued a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. Wall Street Zen cut shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Sony in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sony presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Sony Stock Down 0.9%

Shares of SONY opened at $24.42 on Friday. The company’s 50-day simple moving average is $25.56 and its 200-day simple moving average is $24.00. The stock has a market capitalization of $147.68 billion, a PE ratio of 19.79, a P/E/G ratio of 11.74 and a beta of 0.94. Sony Corporation has a 1 year low of $15.96 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70.

Sony Company Profile

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.