Rosenberg Matthew Hamilton Acquires 442 Shares of Sony Corporation $SONY

Rosenberg Matthew Hamilton grew its holdings in Sony Corporation (NYSE:SONY) by 4.7% in the second quarter, Holdings Channel reports. The firm owned 9,765 shares of the company’s stock after buying an additional 442 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Sony were worth $254,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Sony by 17.6% in the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock worth $15,240,000 after purchasing an additional 87,649 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Sony by 18.7% in the first quarter. Compound Planning Inc. now owns 97,259 shares of the company’s stock worth $2,469,000 after purchasing an additional 15,336 shares during the last quarter. BSW Wealth Partners raised its stake in shares of Sony by 87.0% in the first quarter. BSW Wealth Partners now owns 26,662 shares of the company’s stock worth $677,000 after purchasing an additional 12,404 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Sony by 30.6% in the first quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock worth $12,222,000 after purchasing an additional 112,746 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Sony by 18.4% in the first quarter. Ballentine Partners LLC now owns 86,779 shares of the company’s stock worth $2,203,000 after purchasing an additional 13,493 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the subject of several recent analyst reports. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Sony Price Performance

NYSE SONY opened at $28.89 on Thursday. The business’s fifty day moving average price is $28.54 and its 200-day moving average price is $26.14. The stock has a market capitalization of $174.69 billion, a price-to-earnings ratio of 22.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1-year low of $17.42 and a 1-year high of $30.28.

Sony (NYSE:SONY) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $17.79 billion for the quarter, compared to analysts’ expectations 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 firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

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.