Cookson Peirce & Co. Inc. Makes New Investment in Sony Corporation $SONY

Cookson Peirce & Co. Inc. acquired a new position in shares of Sony Corporation (NYSE:SONY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,400 shares of the company’s stock, valued at approximately $791,000.

A number of other large investors also recently made changes to their positions in SONY. Brighton Jones LLC lifted its stake in shares of Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the period. GAMMA Investing LLC raised its stake in shares of Sony by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 39,179 shares of the company’s stock valued at $995,000 after purchasing an additional 7,041 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Sony by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,964 shares of the company’s stock valued at $126,000 after acquiring an additional 2,482 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Sony in the 1st quarter valued at about $60,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Sony by 35.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 113,092 shares of the company’s stock valued at $2,871,000 after acquiring an additional 29,523 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Stock Performance

Shares of SONY opened at $28.72 on Thursday. The stock has a market capitalization of $173.68 billion, a P/E ratio of 22.79 and a beta of 0.95. The firm’s fifty day simple moving average is $28.71 and its two-hundred day simple moving average is $26.31. 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 12 month low of $17.42 and a 12 month high of $30.28.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the prior year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts predict that Sony Corporation will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent analyst reports. Cfra Research raised Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $33.00.

About Sony

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.