Y Intercept Hong Kong Ltd Boosts Stock Position in Sony Corporation $SONY

Y Intercept Hong Kong Ltd boosted its position in Sony Corporation (NYSE:SONY) by 338.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,454 shares of the company’s stock after purchasing an additional 228,108 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sony were worth $6,116,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in Sony by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after acquiring an additional 16,094 shares during the last quarter. AQR Capital Management LLC grew its holdings in Sony by 26.7% in the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock worth $4,542,000 after purchasing an additional 37,677 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Sony by 23.4% in the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after purchasing an additional 4,172 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sony by 24.6% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the company’s stock worth $430,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Sony during the second quarter worth $26,058,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sony news, insider Tsuyoshi Kodera sold 51,000 shares of Sony stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total transaction of $1,047,540.00. Following the completion of the sale, the insider owned 27,553 shares of the company’s stock, valued at approximately $565,938.62. The trade was a 64.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenichiro Yoshida sold 400,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $22.61, for a total value of $9,044,000.00. Following the sale, the director owned 661,615 shares in the company, valued at approximately $14,959,115.15. The trade was a 37.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 468,500 shares of company stock valued at $10,487,215 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

More Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s shift away from physical PlayStation discs could improve margins over time by reducing manufacturing, packaging, and logistics costs, and it signals a more digital-focused business model for future console generations. Sony is first console giant to stop making physical games
• Positive Sentiment: One report noted Sony’s stock climbed after the all-digital announcement, suggesting investors may be focusing on the long-term financial benefits of the transition rather than the fan backlash. Sony Stock Climbs After PlayStation’s All-Digital Announcement Despite Fan Backlash
• Neutral Sentiment: Former Sony leadership comments that PlayStation’s disc-less strategy could influence Xbox and Nintendo reinforce the idea that Sony is setting an industry trend, but this is more of a strategic headline than an immediate earnings catalyst. PlayStation’s disc-less future could heavily influence Xbox and Nintendo, former Sony boss says
• Negative Sentiment: The move has triggered strong backlash from gamers and media coverage portraying Sony as abandoning physical ownership, which could create reputational noise and pressure around the PlayStation brand in the near term. Brands smell blood in the water after PlayStation axes game discs — and they’re roasting Sony for it

Sony Trading Down 0.0%

Shares of Sony stock opened at $20.79 on Friday. The firm’s 50 day simple moving average is $21.09 and its two-hundred day simple moving average is $22.16. The firm has a market capitalization of $122.81 billion, a price-to-earnings ratio of -103.93, a PEG ratio of 1.65 and a beta of 0.94. Sony Corporation has a 12-month low of $19.32 and a 12-month high of $30.34. The company has a current ratio of 1.18, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10.

Sony (NYSE:SONY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $32.86 earnings per share. Analysts predict that Sony Corporation will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. Benchmark reaffirmed a “buy” rating on shares of Sony in a research report on Monday, May 11th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $22.00 price target (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sony has a consensus rating of “Hold” and an average price target of $22.00.

About Sony

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.