Eagle Asset Management Inc. bought a new stake in Sony Corp Ord (NYSE:SNE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,125 shares of the company’s stock, valued at approximately $386,000.
Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after buying an additional 139 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Sony Corp Ord in the second quarter valued at about $119,000. O Shaughnessy Asset Management LLC lifted its stake in Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after buying an additional 53 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new position in Sony Corp Ord in the first quarter valued at about $226,000. Finally, Venturi Wealth Management LLC acquired a new position in Sony Corp Ord in the second quarter valued at about $229,000. 6.54% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on SNE. Jefferies Group LLC reissued a “buy” rating and issued a $45.74 target price on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Zacks Investment Research raised Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Thursday, August 3rd. Citigroup Inc. lowered Sony Corp Ord from a “buy” rating to a “neutral” rating and cut their target price for the company from $40.60 to $39.93 in a research note on Monday. Finally, BidaskClub lowered Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.42.
Shares of Sony Corp Ord (SNE) opened at 40.35 on Tuesday. The stock’s 50 day moving average price is $39.59 and its 200-day moving average price is $36.19. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 42.74 and a beta of 1.77. Sony Corp Ord has a 52-week low of $27.72 and a 52-week high of $41.65.
Sony Corp Ord (NYSE:SNE) last announced its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter in the prior year, the company earned $16.44 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts forecast that Sony Corp Ord will post $2.21 EPS for the current year.
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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