Massachusetts Financial Services Co. MA Boosts Stock Holdings in Sony Corporation $SONY

Massachusetts Financial Services Co. MA lifted its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 789,461 shares of the company’s stock after acquiring an additional 38,597 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Sony were worth $20,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Sony during the third quarter worth $25,000. YANKCOM Partnership increased its position in shares of Sony by 748.7% during the fourth quarter. YANKCOM Partnership now owns 976 shares of the company’s stock worth $25,000 after acquiring an additional 861 shares during the period. Ameriflex Group Inc. increased its position in shares of Sony by 304.0% during the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after acquiring an additional 760 shares during the period. Binnacle Investments Inc increased its position in shares of Sony by 81.7% during the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after acquiring an additional 464 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Sony during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Stock Performance

Shares of SONY opened at $21.47 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The firm has a market cap of $127.70 billion, a PE ratio of -107.32, a price-to-earnings-growth ratio of 7.24 and a beta of 0.98. The company’s 50 day simple moving average is $21.52 and its 200-day simple moving average is $25.02. Sony Corporation has a 12-month low of $19.74 and a 12-month high of $30.34.

Key Sony News

Here are the key news stories impacting Sony this week:

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent research reports. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Sanford C. Bernstein reiterated 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, Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.00.

Check Out Our Latest Stock Analysis on SONY

About Sony

(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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