Apollon Wealth Management LLC Grows Position in Sony Corporation $SONY

Apollon Wealth Management LLC boosted its stake in Sony Corporation (NYSE:SONY) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,117 shares of the company’s stock after purchasing an additional 723 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sony were worth $706,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp raised its stake in shares of Sony by 3.4% in the 1st quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock valued at $199,198,000 after acquiring an additional 257,838 shares during the period. Wellington Management Group LLP acquired a new position in shares of Sony during the 1st quarter valued at $78,905,000. Ameriprise Financial Inc. lifted its holdings in shares of Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Sony by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 1,753,173 shares of the company’s stock valued at $44,513,000 after acquiring an additional 6,297 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Sony by 8.3% during the first quarter. American Century Companies Inc. now owns 1,615,703 shares of the company’s stock worth $41,023,000 after purchasing an additional 123,641 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Trading Up 0.2%

SONY opened at $28.89 on Thursday. The stock has a market capitalization of $174.69 billion, a PE ratio of 22.92 and a beta of 0.95. The firm’s fifty day moving average price is $28.54 and its 200 day moving average price is $26.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $30.28.

Sony (NYSE:SONY) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. During the same period in the prior year, the company posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, research analysts expect that Sony Corporation will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on SONY shares. Cfra Research raised shares of Sony to a “moderate buy” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Sony Company 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.