Stock Traders Buy High Volume of Call Options on Sony (SNE)

Sony Corp (NYSE:SNE) saw unusually large options trading on Thursday. Stock investors bought 5,942 call options on the company. This represents an increase of 988% compared to the typical volume of 546 call options.

SNE has been the subject of a number of research analyst reports. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. cut Sony from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.19.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its position in Sony by 20.6% in the fourth quarter. Ballentine Partners LLC now owns 6,872 shares of the company’s stock valued at $308,000 after acquiring an additional 1,172 shares during the period. CAPROCK Group Inc. grew its position in Sony by 5.8% in the fourth quarter. CAPROCK Group Inc. now owns 24,253 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,332 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Sony by 21.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,079 shares of the company’s stock valued at $363,000 after acquiring an additional 1,438 shares during the period. Columbia Asset Management grew its position in Sony by 5.2% in the fourth quarter. Columbia Asset Management now owns 35,695 shares of the company’s stock valued at $1,604,000 after acquiring an additional 1,775 shares during the period. Finally, Aviance Capital Management LLC grew its position in Sony by 1.0% in the fourth quarter. Aviance Capital Management LLC now owns 184,071 shares of the company’s stock valued at $8,274,000 after acquiring an additional 1,866 shares during the period. Institutional investors and hedge funds own 6.98% of the company’s stock.

Shares of SNE stock opened at $47.89 on Friday. The stock has a market capitalization of $61,522.59, a P/E ratio of 13.01 and a beta of 1.45. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Sony has a 1 year low of $31.32 and a 1 year high of $53.91.

Sony (NYSE:SNE) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.74. The business had revenue of $2,672.32 billion for the quarter, compared to analysts’ expectations of $2,560.40 billion. Sony had a return on equity of 15.00% and a net margin of 6.29%. Sony’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $15.55 earnings per share. analysts predict that Sony will post 3.86 EPS for the current year.

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Sony Company 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, Semiconductors, Component, Films, Music, Financial Services and All Other.

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