Sony (NYSE:SONY) Insider Kenji Tanaka Sells 20,000 Shares of Stock

Sony Corporation (NYSE:SONY) insider Kenji Tanaka sold 20,000 shares of Sony stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $23.83, for a total transaction of $476,600.00. Following the completion of the transaction, the insider directly owned 43,899 shares of the company’s stock, valued at approximately $1,046,113.17. This trade represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sony Stock Performance

Shares of Sony stock traded up $0.14 during trading on Wednesday, hitting $23.57. 2,363,293 shares of the stock were exchanged, compared to its average volume of 6,062,334. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $21.48 and a 200-day moving average price of $21.52. The stock has a market capitalization of $139.22 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34.

Sony (NYSE:SONY) last issued its earnings results on Saturday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.17 billion. During the same period last year, the business posted $42.84 EPS. Sony’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that Sony Corporation will post 1.41 EPS for the current fiscal year.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Wall Street commentary remains broadly bullish on Sony, which could provide support for the stock. The company also recently exceeded quarterly earnings and revenue expectations, reinforcing the positive fundamental backdrop. Is It Worth Investing in Sony Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Sony is reportedly rebooting its multiplayer Horizon project after poor player feedback, shifting it toward a more traditional cooperative game. The move may improve the title’s commercial prospects, but it also implies additional development time, costs and execution risk. Sony’s Horizon Multiplayer Game Rebooted After Poor Feedback
• Neutral Sentiment: Reports continue to say Sony has not finalized the PlayStation 6 launch timing or pricing. The uncertainty may reflect efforts to manage supply-chain and hardware costs, but it limits visibility into a major future revenue driver. PS6 Is Still a Mystery to Sony
• Neutral Sentiment: Retail discounts on Sony televisions, headphones and earbuds highlight ongoing consumer demand-building efforts, although aggressive promotions could pressure hardware margins. Sony Discounts ULT WEAR Headphones
• Negative Sentiment: The Horizon reboot is being framed as another potential live-service setback following weak testing. Investors may view it as evidence that Sony’s push to diversify beyond traditional single-player games remains difficult. Sony Has Another Pending PlayStation Live-Service Fumble
• Negative Sentiment: Consumer backlash over Sony’s reported shift away from physical game discs, along with criticism of Crunchyroll’s physical-media selection, could damage customer sentiment and increase transition risk as PlayStation moves further toward digital distribution. No Disc No Buy Comments Dominate Sony Livestream

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Sony in a research note on Monday, August 3rd. Wall Street Zen cut Sony from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sony in a report on Monday. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Hedge Funds Weigh In On Sony

Several institutional investors and hedge funds have recently made changes to their positions in SONY. Glenmede Investment Management LP raised its stake in Sony by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock worth $1,223,000 after acquiring an additional 416 shares during the period. Nicolet Advisory Services LLC lifted its holdings in Sony by 2.5% during the fourth quarter. Nicolet Advisory Services LLC now owns 18,097 shares of the company’s stock valued at $456,000 after purchasing an additional 440 shares in the last quarter. Binnacle Investments Inc boosted its position in shares of Sony by 81.7% in the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after purchasing an additional 464 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sony by 8.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,272 shares of the company’s stock worth $126,000 after purchasing an additional 481 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Sony by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 32,735 shares of the company’s stock worth $838,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Company Profile

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.