Neuberger Berman Group LLC Has $13.64 Million Stake in Sony Corporation $SONY

Neuberger Berman Group LLC lowered its holdings in Sony Corporation (NYSE:SONY) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,207 shares of the company’s stock after selling 73,035 shares during the period. Neuberger Berman Group LLC’s holdings in Sony were worth $13,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. B. Riley Wealth Advisors Inc. acquired a new position in shares of Sony during the 2nd quarter worth about $379,000. Rexford Capital Inc. bought a new stake in Sony during the second quarter worth about $73,000. Evergreen Capital Management LLC boosted its position in Sony by 31.1% during the second quarter. Evergreen Capital Management LLC now owns 62,956 shares of the company’s stock valued at $1,639,000 after purchasing an additional 14,946 shares during the last quarter. Headlands Technologies LLC acquired a new position in Sony during the second quarter valued at approximately $104,000. Finally, Strategic Investment Advisors MI grew its stake in Sony by 200.2% in the second quarter. Strategic Investment Advisors MI now owns 37,629 shares of the company’s stock valued at $979,000 after purchasing an additional 25,096 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Trading Up 0.1%

SONY stock opened at $26.76 on Friday. Sony Corporation has a one year low of $19.85 and a one year high of $30.34. The stock has a market cap of $161.81 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 10.26 and a beta of 0.97. The company has a fifty day moving average price of $28.60 and a two-hundred day moving average price of $27.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.98.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SONY shares. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, November 5th. Nomura Securities upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $33.00.

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.