Thrivent Financial for Lutherans Grows Position in Sony Corporation $SONY

Thrivent Financial for Lutherans grew its position in shares of Sony Corporation (NYSE:SONYFree Report) by 7,377.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,374,274 shares of the company’s stock after purchasing an additional 3,329,147 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Sony worth $97,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SONY. Sound Income Strategies LLC acquired a new stake in Sony during the 3rd quarter valued at approximately $25,000. NewSquare Capital LLC bought a new stake in shares of Sony in the second quarter worth $28,000. GPS Wealth Strategies Group LLC boosted its stake in Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after acquiring an additional 790 shares during the last quarter. Country Trust Bank acquired a new position in Sony in the second quarter worth about $30,000. Finally, Highline Wealth Partners LLC raised its position in shares of Sony by 46.7% during the 3rd quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after purchasing an additional 419 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Stock Performance

Shares of SONY opened at $22.08 on Friday. The company has a market capitalization of $133.53 billion, a PE ratio of 16.98, a PEG ratio of 8.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.05. The company’s 50 day moving average price is $25.77 and its 200 day moving average price is $27.13. Sony Corporation has a 52 week low of $20.42 and a 52 week high of $30.34.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Nomura raised Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of Sony in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Finally, Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Sony has an average rating of “Moderate Buy” and an average price target of $31.50.

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Sony News Roundup

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Sony Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sony (NYSE:SONY)

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