Summitry LLC Buys 4,563 Shares of Sony Corporation $SONY

Summitry LLC lifted its position in Sony Corporation (NYSE:SONY) by 25.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 22,839 shares of the company’s stock after acquiring an additional 4,563 shares during the period. Summitry LLC’s holdings in Sony were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SONY. Itau Unibanco Holding S.A. raised its position in Sony by 11.1% during the second quarter. Itau Unibanco Holding S.A. now owns 25,097 shares of the company’s stock worth $653,000 after acquiring an additional 2,517 shares in the last quarter. Creative Planning grew its position in shares of Sony by 2.3% in the 2nd quarter. Creative Planning now owns 1,722,545 shares of the company’s stock valued at $44,838,000 after acquiring an additional 39,319 shares during the period. Advisory Resource Group increased its stake in shares of Sony by 2.9% during the 2nd quarter. Advisory Resource Group now owns 42,989 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,217 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Sony in the 2nd quarter valued at about $240,000. Finally, Advisors Capital Management LLC acquired a new stake in Sony in the 2nd quarter valued at about $207,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Price Performance

Shares of NYSE SONY opened at $30.15 on Friday. The firm has a market cap of $182.32 billion, a P/E ratio of 23.93 and a beta of 0.99. The business’s 50 day moving average is $28.96 and its 200-day moving average is $26.94. 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 Corporation has a 1-year low of $18.41 and a 1-year high of $30.34.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Wolfe Research raised Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Cfra Research raised Sony to a “moderate buy” rating in a report on Friday, October 10th. Finally, Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.