Pitcairn Co. Decreases Position in Sony Corporation $SONY

Pitcairn Co. lessened its position in Sony Corporation (NYSE:SONY) by 16.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,590 shares of the company’s stock after selling 23,526 shares during the period. Pitcairn Co.’s holdings in Sony were worth $3,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Sony in the 3rd quarter valued at approximately $25,000. NewSquare Capital LLC purchased a new position in shares of Sony in the second quarter worth $28,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Sony by 220.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after purchasing an additional 790 shares in the last quarter. Country Trust Bank purchased a new stake in shares of Sony during the second quarter valued at $30,000. Finally, Highline Wealth Partners LLC increased its holdings in Sony by 46.7% in the 3rd quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after buying an additional 419 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Key Sony News

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony says the change is intended to preserve console exclusivity and boost PS5/PS6 hardware and software attach rates; that could support hardware pricing, margins and long?term ecosystem value. Read More.
• Positive Sentiment: Fewer PC ports reduces porting costs and may protect IP scarcity (more incentive for buyers to purchase PlayStation consoles and subscriptions), which can be positive for console lifetime monetization. Read More.
• Neutral Sentiment: Specific titles named (e.g., Ghost of Y?tei / Saros) reportedly will not get PC releases — the net revenue impact is unclear because it depends on how much PC sales offset lost console margins and whether exclusivity lifts hardware/software sales. Read More.
• Negative Sentiment: Market concern that Sony is abandoning a profitable PC monetization channel — some execs previously described PC ports as “printing money” — which could reduce near?term software revenue and slow diversification away from hardware cycles. Read More.
• Negative Sentiment: The move risks upsetting third?party/partner expectations and removes a hedge against console hardware softness; investors may view this as increased reliance on console cycles, adding execution risk to Sony’s growth profile. Read More.

Sony Stock Down 2.9%

SONY opened at $21.35 on Friday. The firm’s 50 day simple moving average is $23.34 and its two-hundred day simple moving average is $26.60. The company has a market capitalization of $129.12 billion, a PE ratio of -106.74, a PEG ratio of 7.81 and a beta of 0.94. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

SONY has been the topic of several research analyst reports. Zacks Research cut shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of Sony in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Sony to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings downgraded shares of 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 report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

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.