LRI Investments LLC Has $198,000 Stock Position in Sony Corporation (NYSE:SONY)

LRI Investments LLC lessened its holdings in Sony Corporation (NYSE:SONY) by 38.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,789 shares of the company’s stock after selling 4,866 shares during the period. LRI Investments LLC’s holdings in Sony were worth $198,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sony by 507.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,130 shares of the company’s stock valued at $10,181,000 after acquiring an additional 401,919 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Sony during the 4th quarter worth $329,000. Independent Advisor Alliance bought a new stake in shares of Sony in the 4th quarter worth $228,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Sony in the fourth quarter valued at about $838,000. Institutional investors own 14.05% of the company’s stock.

Sony Stock Down 0.9%

SONY opened at $24.42 on Monday. Sony Corporation has a twelve month low of $15.96 and a twelve month high of $26.95. The company’s 50-day moving average price is $25.56 and its two-hundred day moving average price is $24.02. The stock has a market cap of $147.68 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 11.74 and a beta of 0.94. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Wolfe Research restated a “peer perform” rating on shares of Sony in a research note on Monday, April 7th. Finally, The Goldman Sachs Group assumed coverage on Sony in a research report on Tuesday, March 25th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.