510,791 Shares in Sony Corporation $SONY Bought by XY Capital Ltd

XY Capital Ltd purchased a new stake in Sony Corporation (NYSE:SONY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 510,791 shares of the company’s stock, valued at approximately $10,246,000. Sony comprises approximately 9.9% of XY Capital Ltd’s investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors have also added to or reduced their stakes in SONY. Binnacle Investments Inc raised its position in shares of Sony by 81.7% in the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock worth $30,000 after acquiring an additional 464 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Sony in the fourth quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new position in Sony during the 4th quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Sony by 404.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock worth $28,000 after buying an additional 889 shares in the last quarter. Finally, Twin Tree Management LP raised its holdings in shares of Sony by 4,218.5% in the fourth quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after purchasing an additional 1,139 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Ravi Ahuja sold 15,580 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.71, for a total transaction of $353,821.80. Following the completion of the sale, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $501,800.16. The trade was a 41.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jonathan Jose Platt sold 16,512 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $21.08, for a total value of $348,072.96. Following the transaction, the insider directly owned 83,326 shares in the company, valued at $1,756,512.08. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 952,565 shares of company stock valued at $20,915,191 over the last 90 days. 7.00% of the stock is currently owned by insiders.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Analysts remain broadly optimistic about Sony, potentially supporting the stock’s valuation and investor confidence. Is Sony a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Sony announced limited-edition Grand Theft Auto VI-themed DualSense controllers, with pre-orders opening September 10. The product could generate incremental PlayStation accessory sales and benefit from the major game franchise’s popularity. Pre-orders for Sony’s GTA 6-themed DualSense controllers
• Positive Sentiment: Sony’s BRAVIA Theatre Trio received a favorable review for delivering immersive sound in large rooms, providing positive visibility for its home-entertainment hardware business. Sony BRAVIA Theatre Trio review
• Neutral Sentiment: Sony’s Labor Day promotions include significant discounts on headphones, soundbars, TVs, and speakers. The offers may stimulate sales but could also pressure hardware margins. Sony’s Labor Day sale
• Neutral Sentiment: Sony dated the release of the Indian film Ramayana, adding a future entertainment-industry catalyst, although financial details were not reported. Sony Dates Indian Epic Ramayana For Release
• Negative Sentiment: Sony agreed to a $7.85 million PlayStation settlement, while separately seeking dismissal of lawsuits concerning tariff refunds. These legal matters create financial and reputational overhang, even though the settlement appears manageable relative to Sony’s size. Sony agrees to PlayStation settlement
• Negative Sentiment: Consumer lawsuits over digital-game ownership and criticism from PS5 users could increase regulatory, legal, or customer-retention risks for the PlayStation business. Sony’s defense against a digital ownership lawsuit

Sony Price Performance

Shares of SONY opened at $24.56 on Friday. The firm has a fifty day simple moving average of $22.55 and a two-hundred day simple moving average of $21.71. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a market cap of $145.10 billion, a PE ratio of 21.93, a P/E/G ratio of 1.77 and a beta of 0.93.

Sony (NYSE:SONY) last posted its quarterly earnings data on Saturday, August 1st. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The firm had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.17 billion. During the same period in the previous year, the firm earned $42.84 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Sony Corporation will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SONY. Weiss Ratings reissued a “sell (d+)” rating on shares of Sony in a research report on Monday, August 17th. Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wall Street Zen cut Sony from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Benchmark reiterated a “buy” rating on shares of Sony in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.