Quadrant Capital Group LLC Sells 2,748 Shares of Sony Corporation $SONY

Quadrant Capital Group LLC cut its holdings in Sony Corporation (NYSE:SONY) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,785 shares of the company’s stock after selling 2,748 shares during the period. Quadrant Capital Group LLC’s holdings in Sony were worth $5,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SONY. NewSquare Capital LLC purchased a new position in Sony during the second quarter worth $28,000. GPS Wealth Strategies Group LLC grew its holdings in Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after purchasing an additional 790 shares during the last quarter. Country Trust Bank bought a new stake in Sony in the second quarter worth about $30,000. Trust Co. of Toledo NA OH purchased a new position in shares of Sony during the second quarter valued at approximately $39,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Sony during the first quarter valued at approximately $47,000. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SONY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura Securities raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Sony has a consensus rating of “Buy” and an average target price of $33.00.

Sony Price Performance

SONY opened at $29.11 on Thursday. The firm has a market capitalization of $176.05 billion, a PE ratio of 23.10 and a beta of 0.99. The business’s 50-day moving average is $28.91 and its two-hundred day moving average is $27.13. Sony Corporation has a 1 year low of $19.75 and a 1 year high of $30.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

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.