GRATRY & Co LLC decreased its position in Sony Corp Ord (NYSE:SNE) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,737 shares of the company’s stock after selling 1,745 shares during the quarter. Sony Corp Ord comprises 2.6% of GRATRY & Co LLC’s investment portfolio, making the stock its 16th largest holding. GRATRY & Co LLC’s holdings in Sony Corp Ord were worth $2,090,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SNE. Bank of America Corp DE grew its stake in shares of Sony Corp Ord by 28.8% in the 1st quarter. Bank of America Corp DE now owns 3,200,092 shares of the company’s stock valued at $107,939,000 after buying an additional 715,316 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Sony Corp Ord by 56.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,770,826 shares of the company’s stock valued at $67,628,000 after buying an additional 636,926 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sony Corp Ord by 105.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock valued at $31,191,000 after buying an additional 419,493 shares in the last quarter. Conatus Capital Management LP bought a new stake in shares of Sony Corp Ord in the 2nd quarter valued at approximately $13,837,000. Finally, Credit Suisse AG bought a new stake in shares of Sony Corp Ord in the 1st quarter valued at approximately $6,978,000. 6.54% of the stock is owned by institutional investors and hedge funds.
SNE has been the subject of several recent research reports. BidaskClub raised Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Morgan Stanley cut Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Zacks Investment Research raised Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Thursday, August 3rd. Citigroup Inc. cut Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.60 to $39.93 in a research report on Monday, September 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $45.74 target price on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $43.42.
Shares of Sony Corp Ord (SNE) traded up 1.4524% during midday trading on Friday, reaching $36.8475. The company’s stock had a trading volume of 203,743 shares. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The company has a 50-day moving average price of $38.10 and a 200-day moving average price of $37.14. The firm has a market cap of $46.54 billion, a price-to-earnings ratio of 38.6647 and a beta of 1.75.
Sony Corp Ord (NYSE:SNE) last issued its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The company had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. During the same period in the previous year, the company posted $16.44 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts expect that Sony Corp Ord will post $2.21 earnings per share for the current year.
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Sony Corp Ord Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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