Graham Capital Management L.P. Acquires 19,951 Shares of Sony Corporation $SONY

Graham Capital Management L.P. boosted its holdings in shares of Sony Corporation (NYSE:SONY) by 24.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,303 shares of the company’s stock after buying an additional 19,951 shares during the period. Graham Capital Management L.P.’s holdings in Sony were worth $2,572,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Sony by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock valued at $503,713,000 after buying an additional 18,821,902 shares during the period. Northern Trust Corp boosted its stake in Sony by 3.4% during the first quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock valued at $199,198,000 after buying an additional 257,838 shares during the period. Royal Bank of Canada boosted its stake in Sony by 416.6% during the fourth quarter. Royal Bank of Canada now owns 5,796,210 shares of the company’s stock valued at $122,649,000 after buying an additional 4,674,249 shares during the period. Wellington Management Group LLP bought a new stake in Sony during the first quarter valued at $78,905,000. Finally, LMR Partners LLP bought a new stake in Sony during the fourth quarter valued at $44,854,000. Institutional investors own 14.05% of the company’s stock.

Sony Trading Down 1.7%

NYSE:SONY opened at $27.52 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market capitalization of $166.43 billion, a price-to-earnings ratio of 21.84 and a beta of 0.94. Sony Corporation has a one year low of $17.42 and a one year high of $29.16. The business has a fifty day moving average price of $25.83 and a 200-day moving average price of $25.16.

Sony (NYSE:SONY) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the prior year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Sony from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $28.00.

Sony 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.