Wincap Financial LLC Sells 9,110 Shares of Sony Corporation $SONY

Wincap Financial LLC cut its holdings in shares of Sony Corporation (NYSE:SONY) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,831 shares of the company’s stock after selling 9,110 shares during the period. Wincap Financial LLC’s holdings in Sony were worth $1,167,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new stake in Sony during the 1st quarter worth approximately $31,000. Trust Co. of Toledo NA OH bought a new stake in Sony during the 2nd quarter worth approximately $39,000. Zions Bancorporation National Association UT bought a new stake in Sony during the 1st quarter worth approximately $47,000. Financial Management Professionals Inc. grew its position in Sony by 81.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after acquiring an additional 889 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Sony during the 2nd quarter worth approximately $69,000. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Up 0.3%

NYSE SONY opened at $28.73 on Tuesday. Sony Corporation has a 52 week low of $17.56 and a 52 week high of $30.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market capitalization of $173.72 billion, a P/E ratio of 22.80 and a beta of 0.95. The stock has a fifty day moving average of $28.74 and a 200-day moving average of $26.51.

Sony (NYSE:SONY) last posted its quarterly earnings results 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 return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same period last year, the company earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Sony presently has an average rating of “Buy” and an average price target of $33.00.

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.