Atlatl Advisers LLC Lowers Stock Position in Sony Corporation $SONY

Atlatl Advisers LLC lessened its position in shares of Sony Corporation (NYSE:SONY) by 26.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,211 shares of the company’s stock after selling 6,199 shares during the period. Atlatl Advisers LLC’s holdings in Sony were worth $448,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SONY. Wellington Management Group LLP bought a new position in shares of Sony during the 1st quarter worth approximately $78,905,000. Allspring Global Investments Holdings LLC increased its stake in shares of Sony by 4,056.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock worth $50,269,000 after acquiring an additional 1,926,156 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Sony by 702.4% in the first quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock worth $33,472,000 after acquiring an additional 1,154,010 shares during the period. Ameriprise Financial Inc. boosted its holdings in Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after buying an additional 1,142,849 shares in the last quarter. Finally, Todd Asset Management LLC boosted its holdings in Sony by 59.2% during the first quarter. Todd Asset Management LLC now owns 1,515,899 shares of the company’s stock worth $38,489,000 after buying an additional 563,802 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SONY. Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $33.00.

Sony Price Performance

Sony stock opened at $28.65 on Friday. Sony Corporation has a 12-month low of $17.54 and a 12-month high of $30.28. The stock has a market cap of $173.24 billion, a P/E ratio of 22.74 and a beta of 0.95. The company has a 50-day moving average price of $28.73 and a 200 day moving average price of $26.44. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion during the quarter, compared to analysts’ expectations of $18.88 billion. During the same period last year, the business earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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.