Neuberger Berman Group LLC Sells 260,601 Shares of Sony Corporation $SONY

Neuberger Berman Group LLC cut its stake in shares of Sony Corporation (NYSE:SONY) by 49.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,606 shares of the company’s stock after selling 260,601 shares during the quarter. Neuberger Berman Group LLC’s holdings in Sony were worth $7,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SONY. Sound Income Strategies LLC purchased a new stake in shares of Sony during the third quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC raised its holdings 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 buying an additional 790 shares during the last quarter. Country Trust Bank purchased a new position in shares of Sony during the second quarter valued at approximately $30,000. Highline Wealth Partners LLC increased its stake in shares of Sony by 46.7% during the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock valued at $38,000 after buying an additional 419 shares during the period. Finally, True Wealth Design LLC raised its holdings in shares of Sony by 210.7% during the third quarter. True Wealth Design LLC now owns 1,367 shares of the company’s stock valued at $39,000 after acquiring an additional 927 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Up 0.5%

NYSE:SONY opened at $21.48 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97. The firm’s 50-day moving average price is $23.26 and its 200-day moving average price is $26.54. The company has a market capitalization of $129.90 billion, a PE ratio of -107.39, a P/E/G ratio of 7.63 and a beta of 0.94. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SONY shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $30.00 price target (down from $33.00) on shares of Sony in a report on Wednesday, January 14th. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen raised shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Finally, Nomura raised Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Strong fan backing for Sony’s decision to stop releasing some PlayStation titles on PC could support console sales and ecosystem stickiness for PS owners. Read More.
• Positive Sentiment: Sony appears to be moving forward with PS6 development despite rising component costs — a long?term investment in hardware that could sustain console-led revenue if margins and pricing are managed. Read More.
• Neutral Sentiment: Industry commentary suggests Sony sees new PC/Steam initiatives as a competitive threat alongside consoles — useful strategic context but not immediately material. Read More.
• Neutral Sentiment: Non-core PR: Sony World Photography Awards honorees were announced — positive brand attention but unlikely to move the stock materially. Read More.
• Negative Sentiment: Major legal risk: Sony is facing a £2.3 billion / ~$2.7 billion class-action suit in the U.K. from PlayStation users over alleged issues — this is the largest single headline and raises contingent liabilities and reputational risk. Read More.
• Negative Sentiment: Pricing friction: Multiple reports show Sony testing dynamic and region?varying prices on the PlayStation Store — this could boost revenue if effective but also risks consumer backlash and regulatory scrutiny. Read More.
• Negative Sentiment: Revenue concern: Several outlets report Sony will curtail or stop releasing some PlayStation titles on PC — this narrows addressable market for first?party games and could reduce long?term software revenue. Read More.

Sony 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.