LRI Investments LLC Purchases 640 Shares of Sony Corporation $SONY

LRI Investments LLC lifted its position in Sony Corporation (NYSE:SONY) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,429 shares of the company’s stock after buying an additional 640 shares during the period. LRI Investments LLC’s holdings in Sony were worth $219,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of Sony by 17.6% in the 2nd quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock valued at $15,240,000 after buying an additional 87,649 shares in the last quarter. Compound Planning Inc. increased its position in shares of Sony by 18.7% in the 1st quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock valued at $2,469,000 after buying an additional 15,336 shares in the last quarter. BSW Wealth Partners increased its position in shares of Sony by 87.0% in the 1st quarter. BSW Wealth Partners now owns 26,662 shares of the company’s stock valued at $677,000 after buying an additional 12,404 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Sony by 30.6% in the 1st quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock valued at $12,222,000 after buying an additional 112,746 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Sony by 18.4% in the 1st quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock valued at $2,203,000 after buying an additional 13,493 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Trading Down 5.2%

Sony stock opened at $28.28 on Monday. The firm has a 50-day moving average of $28.29 and a 200-day moving average of $26.08. Sony Corporation has a one year low of $17.42 and a one year high of $30.28. 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 company has a market cap of $171.00 billion, a price-to-earnings ratio of 22.44 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Sony has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.