Sony (NYSE:SONY) Sets New 12-Month High – Here’s What Happened

Sony Corporation (NYSE:SONY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.30 and last traded at $30.0950, with a volume of 1750892 shares changing hands. The stock had previously closed at $29.16.

Analyst Upgrades and Downgrades

SONY has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $33.00.

Sony Price Performance

The firm has a fifty day moving average of $28.81 and a two-hundred day moving average of $26.85. The stock has a market capitalization of $183.15 billion, a P/E ratio of 24.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

Hedge Funds Weigh In On Sony

A number of large investors have recently bought and sold shares of SONY. Teachers Retirement System of The State of Kentucky boosted its position in Sony by 8.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 743,700 shares of the company’s stock valued at $21,411,000 after acquiring an additional 57,100 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Sony by 31.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 28,425 shares of the company’s stock worth $810,000 after purchasing an additional 6,858 shares during the last quarter. Fisher Asset Management LLC boosted its position in Sony by 2.7% during the third quarter. Fisher Asset Management LLC now owns 104,644,526 shares of the company’s stock valued at $3,128,924,000 after purchasing an additional 2,766,460 shares in the last quarter. American Century Companies Inc. grew its stake in Sony by 15.4% in the third quarter. American Century Companies Inc. now owns 2,144,991 shares of the company’s stock valued at $61,754,000 after purchasing an additional 286,540 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Sony by 10.6% in the third quarter. Huntington National Bank now owns 8,058 shares of the company’s stock worth $232,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

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.