18,556 Shares in Sony Corp (SNE) Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new position in shares of Sony Corp (NYSE:SNE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,556 shares of the company’s stock, valued at approximately $834,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parallax Volatility Advisers L.P. raised its position in Sony by 206.3% during the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock valued at $166,000 after acquiring an additional 8,451 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Sony during the second quarter valued at approximately $201,000. Dorsey & Whitney Trust CO LLC purchased a new position in Sony during the second quarter valued at approximately $212,000. New England Research & Management Inc. purchased a new position in Sony during the third quarter valued at approximately $213,000. Finally, Brown Advisory Inc. purchased a new position in Sony during the third quarter valued at approximately $214,000. 6.77% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the company. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Tuesday, January 2nd. Credit Suisse Group cut Sony from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Jefferies Group reiterated a “buy” rating and set a $45.74 price target on shares of Sony in a research report on Tuesday, October 24th. Finally, Morgan Stanley cut Sony from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.19.

Shares of Sony Corp (NYSE SNE) opened at $50.03 on Friday. The company has a market capitalization of $63,090.00, a P/E ratio of 27.79 and a beta of 1.80. Sony Corp has a 12-month low of $29.16 and a 12-month high of $50.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71.

ILLEGAL ACTIVITY WARNING: “18,556 Shares in Sony Corp (SNE) Purchased by First Citizens Bank & Trust Co.” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2018/01/13/18556-shares-in-sony-corp-sne-purchased-by-first-citizens-bank-trust-co.html.

Sony Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

Want to see what other hedge funds are holding SNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corp (NYSE:SNE).

Institutional Ownership by Quarter for Sony (NYSE:SNE)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply