LMR Partners LLP Sells 863,008 Shares of Sony Corporation $SONY

LMR Partners LLP lowered its position in shares of Sony Corporation (NYSE:SONY) by 59.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 600,000 shares of the company’s stock after selling 863,008 shares during the quarter. LMR Partners LLP’s holdings in Sony were worth $15,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SONY. NewSquare Capital LLC bought a new stake in shares of Sony during the second quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC raised its position in shares of Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after buying an additional 790 shares in the last quarter. Country Trust Bank bought a new position in shares of Sony in the 2nd quarter valued at about $30,000. Trust Co. of Toledo NA OH purchased a new position in Sony in the second quarter worth about $39,000. Finally, Financial Management Professionals Inc. increased its stake in Sony by 81.5% during the second quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after acquiring an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Stock Up 0.1%

Shares of SONY opened at $26.76 on Friday. The firm has a fifty day moving average price of $28.60 and a 200-day moving average price of $27.36. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $161.81 billion, a P/E ratio of 20.58, a P/E/G ratio of 10.25 and a beta of 0.97. Sony Corporation has a 12-month low of $19.85 and a 12-month high of $30.34.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of recent research reports. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a report on Wednesday, November 5th. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Sony to a “hold” rating in a research report on Saturday, December 6th. Cfra Research raised shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Nomura Securities raised shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat, Sony presently has an average rating of “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.