Americana Partners LLC Reduces Stock Position in Sony Corporation $SONY

Americana Partners LLC cut its stake in shares of Sony Corporation (NYSE:SONY) by 18.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,370 shares of the company’s stock after selling 3,744 shares during the period. Americana Partners LLC’s holdings in Sony were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Sony during the 1st quarter worth approximately $78,905,000. Allspring Global Investments Holdings LLC lifted its position in Sony by 4,056.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock valued at $50,269,000 after acquiring an additional 1,926,156 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Sony by 702.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock worth $33,472,000 after buying an additional 1,154,010 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Sony by 175.6% during the second quarter. Assetmark Inc. now owns 1,469,596 shares of the company’s stock worth $38,254,000 after buying an additional 936,441 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SONY. Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Finally, Cfra Research raised Sony to a “moderate buy” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $33.00.

Sony Trading Up 4.6%

NYSE SONY opened at $29.26 on Wednesday. The firm has a market cap of $176.95 billion, a price-to-earnings ratio of 23.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a one year low of $18.41 and a one year high of $30.28. The firm has a 50 day simple moving average of $28.81 and a 200-day simple moving average of $26.85.

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.