Rossby Financial LCC Boosts Stock Holdings in Sony Corporation $SONY

Rossby Financial LCC lifted its holdings in Sony Corporation (NYSE:SONY) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,897 shares of the company’s stock after acquiring an additional 485 shares during the period. Rossby Financial LCC’s holdings in Sony were worth $492,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SONY. Wellington Management Group LLP acquired a new stake in shares of Sony in the first quarter worth $78,905,000. Allspring Global Investments Holdings LLC increased its position in shares of Sony by 4,056.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock worth $50,269,000 after acquiring an additional 1,926,156 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Sony by 702.4% in the first quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock worth $33,472,000 after acquiring an additional 1,154,010 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Sony by 124.5% in the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in shares of Sony by 59.2% in the first quarter. Todd Asset Management LLC now owns 1,515,899 shares of the company’s stock worth $38,489,000 after acquiring an additional 563,802 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Price Performance

Shares of SONY stock opened at $28.73 on Tuesday. The firm has a market cap of $173.72 billion, a P/E ratio of 22.80 and a beta of 0.95. 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 1-year low of $17.56 and a 1-year high of $30.28. The firm has a fifty day moving average of $28.74 and a two-hundred day moving average of $26.51.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SONY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sony has an average rating of “Buy” and an average price target of $33.00.

About Sony

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.