Princeton Global Asset Management LLC boosted its stake in Sony Corp (NYSE:SNE) by 9.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 38,507 shares of the company’s stock after buying an additional 3,201 shares during the quarter. Sony accounts for approximately 1.3% of Princeton Global Asset Management LLC’s portfolio, making the stock its 22nd biggest position. Princeton Global Asset Management LLC’s holdings in Sony were worth $2,232,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Capital Partners LLC lifted its position in shares of Sony by 1.5% during the third quarter. Corient Capital Partners LLC now owns 14,692 shares of the company’s stock valued at $869,000 after purchasing an additional 214 shares in the last quarter. Brandywine Oak Private Wealth LLC boosted its stake in shares of Sony by 5.2% in the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 4,462 shares of the company’s stock worth $263,000 after buying an additional 220 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Sony by 0.9% in the second quarter. Oppenheimer & Co. Inc. now owns 28,656 shares of the company’s stock valued at $1,501,000 after acquiring an additional 245 shares in the last quarter. CWM LLC grew its holdings in shares of Sony by 76.2% in the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. Finally, Liberty Wealth Management LLC increased its position in shares of Sony by 18.8% during the third quarter. Liberty Wealth Management LLC now owns 1,798 shares of the company’s stock valued at $106,000 after acquiring an additional 284 shares during the last quarter. 8.67% of the stock is currently owned by hedge funds and other institutional investors.
SNE traded up $1.31 during trading on Tuesday, hitting $64.59. 1,648,308 shares of the company traded hands, compared to its average volume of 1,342,377. Sony Corp has a one year low of $41.91 and a one year high of $64.63. The stock’s fifty day moving average is $60.82 and its 200 day moving average is $56.25. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a market cap of $80.79 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37.
SNE has been the topic of a number of recent analyst reports. Gabelli began coverage on Sony in a report on Thursday, October 24th. They set a “buy” rating and a $92.00 price target on the stock. UBS Group upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Sony presently has an average rating of “Buy” and an average target price of $60.74.
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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