Atria Investments LLC grew its stake in shares of Sony Co. (NYSE:SNE) by 64.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,006 shares of the company’s stock after purchasing an additional 5,471 shares during the period. Atria Investments LLC’s holdings in Sony were worth $677,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in shares of Sony by 20.6% in the 4th quarter. Ballentine Partners LLC now owns 6,872 shares of the company’s stock worth $308,000 after buying an additional 1,172 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of Sony by 5.8% in the 4th quarter. CAPROCK Group Inc. now owns 24,253 shares of the company’s stock worth $1,213,000 after buying an additional 1,332 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sony by 21.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,079 shares of the company’s stock worth $363,000 after buying an additional 1,438 shares during the last quarter. Columbia Asset Management boosted its stake in shares of Sony by 5.2% in the 4th quarter. Columbia Asset Management now owns 35,695 shares of the company’s stock worth $1,604,000 after buying an additional 1,775 shares during the last quarter. Finally, Aviance Capital Management LLC boosted its stake in shares of Sony by 1.0% in the 4th quarter. Aviance Capital Management LLC now owns 184,071 shares of the company’s stock worth $8,274,000 after buying an additional 1,866 shares during the last quarter. 7.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on SNE shares. JPMorgan Chase downgraded Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Jefferies Group reiterated a “buy” rating and issued a $85.29 price objective on shares of Sony in a research note on Monday, April 16th. Finally, UBS downgraded Sony from a “buy” rating to a “neutral” rating in a research note on Monday, May 7th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.07.
Sony stock opened at $48.80 on Friday. Sony Co. has a 12 month low of $47.61 and a 12 month high of $47.97. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $60.42 billion, a P/E ratio of 14.81, a PEG ratio of 2.26 and a beta of 1.40.
Sony (NYSE:SNE) last posted its quarterly earnings data on Friday, April 27th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.22). The firm had revenue of $1,951 billion during the quarter, compared to analysts’ expectations of $1,993.05 billion. Sony had a net margin of 5.68% and a return on equity of 13.27%. Sony’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $21.90 EPS. analysts predict that Sony Co. will post 4.21 earnings per share for the current year.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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.