First Hawaiian Bank Purchases New Holdings in Sony Corp (SNE)

First Hawaiian Bank purchased a new stake in Sony Corp (NYSE:SNE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,969 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sageworth Trust Co acquired a new stake in shares of Sony in the 2nd quarter valued at approximately $103,000. Chicago Partners Investment Group LLC raised its holdings in Sony by 60.3% during the second quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $122,000 after purchasing an additional 895 shares during the last quarter. Credit Agricole S A acquired a new position in Sony during the second quarter worth $146,000. AE Wealth Management LLC acquired a new position in Sony during the second quarter worth $204,000. Finally, WCM Investment Management CA acquired a new position in Sony during the second quarter worth $204,000. 7.69% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on SNE shares. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Sony in a report on Friday, October 19th. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. Finally, Zacks Investment Research cut Sony from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $74.15.

Shares of SNE stock opened at $53.66 on Friday. The firm has a market cap of $67.80 billion, a P/E ratio of 16.31, a PEG ratio of 1.17 and a beta of 1.63. Sony Corp has a 1 year low of $44.37 and a 1 year high of $61.02. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.13.

About Sony

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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