Sequoia Financial Advisors LLC Has $3.55 Million Stock Position in Sony Corporation $SONY

Sequoia Financial Advisors LLC boosted its holdings in Sony Corporation (NYSE:SONY) by 37.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 171,616 shares of the company’s stock after purchasing an additional 46,450 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sony were worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SONY. YANKCOM Partnership boosted its position in shares of Sony by 748.7% in the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 861 shares during the period. V Square Quantitative Management LLC bought a new position in Sony during the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new position in Sony during the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Sony by 404.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares during the last quarter. Finally, Twin Tree Management LP raised its stake in Sony by 4,218.5% during the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after purchasing an additional 1,139 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Stock Performance

SONY opened at $20.68 on Tuesday. The stock has a market cap of $122.21 billion, a PE ratio of -103.42, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Sony Corporation has a 1 year low of $19.32 and a 1 year high of $30.34. The stock’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $21.92.

Sony (NYSE:SONY) last issued its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same period last year, the business earned $32.86 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that Sony Corporation will post 1.28 EPS for the current year.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s VENICE 2 firmware v5.00 has rolled out as promised, adding a new Signature preset that should support professional camera users and reinforce the company’s position in high-end imaging. Sony VENICE 2 v5.00 firmware arrives as promised, adds Signature preset
• Positive Sentiment: Sony is also being highlighted in consumer-tech coverage for products like its BRAVIA 7 II TV and 4K TV lineup, which can help support brand visibility in its TV and electronics businesses. ‘Jaw dropped’: Tech expert reviews Sony BRAVIA 7 II 4K TV
• Positive Sentiment: Sony is reportedly competing with Netflix for Letterboxd, suggesting the company is still active in content and media dealmaking that could expand its entertainment footprint. Letterboxd could find a new home at Netflix, but Sony is fighting for it too

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Finally, Benchmark reiterated a “buy” rating on shares of Sony in a research note on Monday, May 11th. Four equities research 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 company currently has an average rating of “Hold” and a consensus price target of $22.00.

Insider Buying and Selling

In other news, Director Kenichiro Yoshida sold 400,000 shares of Sony stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total transaction of $9,044,000.00. Following the sale, the director directly owned 661,615 shares in the company, valued at approximately $14,959,115.15. The trade was a 37.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravi Ahuja sold 36,826 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $776,292.08. Following the completion of the sale, the insider directly owned 58,786 shares in the company, valued at approximately $1,239,208.88. The trade was a 38.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 771,838 shares of company stock worth $16,866,580. Insiders own 7.00% 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.