Sony Corporation $SONY Shares Bought by Creative Planning

Creative Planning grew its holdings in shares of Sony Corporation (NYSE:SONY) by 2.3% during the second quarter, HoldingsChannel reports. The firm owned 1,722,545 shares of the company’s stock after purchasing an additional 39,319 shares during the quarter. Creative Planning’s holdings in Sony were worth $44,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SONY. QRG Capital Management Inc. lifted its position in Sony by 17.6% during the second quarter. QRG Capital Management Inc. now owns 585,467 shares of the company’s stock worth $15,240,000 after buying an additional 87,649 shares during the period. Compound Planning Inc. grew its holdings in 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 during the period. Mackenzie Financial Corp increased its stake in shares of Sony by 30.6% during the 1st quarter. Mackenzie Financial Corp now owns 481,381 shares of the company’s stock valued at $12,222,000 after acquiring an additional 112,746 shares during the last quarter. Ethic Inc. lifted its holdings in shares of Sony by 2.4% during the 2nd quarter. Ethic Inc. now owns 473,381 shares of the company’s stock worth $12,450,000 after acquiring an additional 11,220 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after acquiring an additional 1,142,849 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sony Price Performance

SONY opened at $30.15 on Friday. Sony Corporation has a 52-week low of $18.41 and a 52-week high of $30.34. The company has a 50 day moving average of $28.96 and a two-hundred day moving average of $26.94. The company has a market cap of $182.32 billion, a P/E ratio of 23.93 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

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.