Third View Private Wealth LLC Makes New Investment in Sony Corporation $SONY

Third View Private Wealth LLC purchased a new position in Sony Corporation (NYSE:SONYFree Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 30,830 shares of the company’s stock, valued at approximately $789,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC lifted its holdings in shares of Sony by 2.8% in the third quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock valued at $394,000 after purchasing an additional 367 shares in the last quarter. West Family Investments Inc. boosted its position in shares of Sony by 1.1% during the third quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock valued at $985,000 after buying an additional 385 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Sony by 1.3% during the third quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock valued at $875,000 after buying an additional 391 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Sony by 3.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock valued at $298,000 after buying an additional 409 shares during the last quarter. Finally, Glenmede Investment Management LP boosted its position in shares of Sony by 1.0% during the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock valued at $1,223,000 after buying an additional 416 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Zacks Research cut Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.00.

Read Our Latest Stock Analysis on Sony

Sony Stock Performance

Shares of Sony stock opened at $20.95 on Wednesday. The business’s fifty day simple moving average is $21.53 and its 200 day simple moving average is $25.07. The firm has a market capitalization of $124.64 billion, a P/E ratio of -104.74, a price-to-earnings-growth ratio of 7.17 and a beta of 0.98. Sony Corporation has a 12 month low of $19.74 and a 12 month high of $30.34. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

Sony Profile

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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