M&T Bank Corp Trims Stock Position in Sony Corporation $SONY

M&T Bank Corp cut its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 90.7% in the 4th quarter, Holdings Channel reports. The fund owned 23,026 shares of the company’s stock after selling 225,362 shares during the quarter. M&T Bank Corp’s holdings in Sony were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. YANKCOM Partnership raised its stake in Sony by 748.7% during the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 861 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sony during the 4th quarter worth approximately $27,000. Ameriflex Group Inc. raised its stake in shares of Sony by 304.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after buying an additional 760 shares in the last quarter. Binnacle Investments Inc raised its stake in shares of Sony by 81.7% during the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after buying an additional 464 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Sony during the 3rd quarter worth approximately $33,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of analyst reports. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Finally, Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sony has an average rating of “Hold” and a consensus price target of $22.00.

View Our Latest Report on SONY

Sony Stock Performance

SONY opened at $19.81 on Friday. The stock has a market cap of $117.82 billion, a P/E ratio of -99.02, a P/E/G ratio of 6.70 and a beta of 0.92. 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 stock’s 50 day simple moving average is $21.09 and its 200 day simple moving average is $24.42. Sony Corporation has a 1-year low of $19.63 and a 1-year high of $30.34.

Key Sony News

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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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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