Y.D. More Investments Ltd Sells 50,865 Shares of Sony Corporation $SONY

Y.D. More Investments Ltd decreased its holdings in shares of Sony Corporation (NYSE:SONY) by 64.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,900 shares of the company’s stock after selling 50,865 shares during the period. Y.D. More Investments Ltd’s holdings in Sony were worth $578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SONY. CWA Asset Management Group LLC acquired a new stake in shares of Sony in the 4th quarter worth about $2,922,000. Brighton Jones LLC lifted its position in Sony by 422.0% in the 4th 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 in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in Sony during the 1st quarter valued at about $23,933,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Sony by 28.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 973,178 shares of the company’s stock valued at $24,913,000 after purchasing an additional 212,971 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Sony by 338.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 295,454 shares of the company’s stock worth $6,116,000 after purchasing an additional 228,108 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony’s VENICE 2 firmware v5.00 has rolled out as promised, adding a new Signature preset that should support professional camera users and reinforce the company’s position in high-end imaging. Sony VENICE 2 v5.00 firmware arrives as promised, adds Signature preset
• Positive Sentiment: Sony is also being highlighted in consumer-tech coverage for products like its BRAVIA 7 II TV and 4K TV lineup, which can help support brand visibility in its TV and electronics businesses. ‘Jaw dropped’: Tech expert reviews Sony BRAVIA 7 II 4K TV
• Positive Sentiment: Sony is reportedly competing with Netflix for Letterboxd, suggesting the company is still active in content and media dealmaking that could expand its entertainment footprint. Letterboxd could find a new home at Netflix, but Sony is fighting for it too

Sony Trading Down 0.8%

NYSE:SONY opened at $20.68 on Tuesday. Sony Corporation has a 52 week low of $19.32 and a 52 week high of $30.34. The firm has a 50-day moving average price of $21.20 and a two-hundred day moving average price of $21.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The firm has a market cap of $122.21 billion, a price-to-earnings ratio of -103.42, a price-to-earnings-growth ratio of 1.66 and a beta of 0.94.

Sony (NYSE:SONY) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The business had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. During the same quarter last year, the business posted $32.86 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts expect that Sony Corporation will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Toshimoto Mitomo sold 25,000 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of $21.02, for a total value of $525,500.00. Following the transaction, the insider directly owned 115,700 shares of the company’s stock, valued at approximately $2,432,014. The trade was a 17.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Jose Platt sold 16,512 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the transaction, the insider owned 83,326 shares of the company’s stock, valued at approximately $1,756,512.08. The trade was a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 771,838 shares of company stock worth $16,866,580. 7.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.