28,848 Shares of Sony Corporation $SONY Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC acquired a new stake in Sony Corporation (NYSE:SONY) in the third quarter, HoldingsChannel.com reports. The fund acquired 28,848 shares of the company’s stock, valued at approximately $679,000.

Other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in shares of Sony by 29.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,811 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the last quarter. Wedmont Private Capital grew its position in shares of Sony by 3.2% in the third quarter. Wedmont Private Capital now owns 13,630 shares of the company’s stock valued at $326,000 after purchasing an additional 427 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sony by 8.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,272 shares of the company’s stock valued at $126,000 after purchasing an additional 481 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Sony by 4.9% in the third quarter. Angeles Wealth Management LLC now owns 13,009 shares of the company’s stock valued at $306,000 after purchasing an additional 612 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Sony by 56.5% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,736 shares of the company’s stock valued at $36,000 after purchasing an additional 627 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sony news, insider Kenji Tanaka sold 20,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $23.83, for a total transaction of $476,600.00. Following the completion of the sale, the insider owned 43,899 shares of the company’s stock, valued at $1,046,113.17. This trade represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony is offering eligible PS5 owners up to $400 for trade-ins, potentially encouraging upgrades to PS5 Pro and refreshing engagement ahead of Grand Theft Auto VI. The promotion could support hardware demand, though its effect on margins and sales is unclear. Sony’s $400 PS5 trade-in could cut the cost of a PS5 Pro upgrade ahead of GTA 6
• Positive Sentiment: Sony and Lionsgate are teaming up on a Naruto movie, with filming expected to start in spring 2027. The partnership adds a recognizable franchise to Sony’s entertainment slate, but the reports provide no financial terms or near-term revenue impact. Sony and Lionsgate Team up For Naruto Movie, Filming to Begin in Spring 2027
• Neutral Sentiment: An earnings preview says upcoming Q2 results will depend on PlayStation engagement, music growth and image-sensor demand. Earthquake-related disruptions and foreign-exchange movements are cited as risks; the article does not report results or updated guidance. Sony’s Q2 Earnings on Deck: Can Gaming Maintain Its Profit Growth?
• Neutral Sentiment: Coverage points to continued growth in streaming, which could benefit Sony’s entertainment businesses alongside other media companies. It offers a broad industry outlook rather than company-specific forecasts. Top 3 Streaming Stocks to Watch as Digital Entertainment Demand Grows
• Negative Sentiment: A report describes Sony’s original PSVR as effectively discontinued, suggesting limited prospects for that product line. The coverage does not quantify any financial impact, and the news appears less consequential than developments in the core PlayStation business. Sony’s PSVR Is Pretty Much Cooked

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark reiterated a “buy” rating on shares of Sony in a research report on Monday, August 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Sony in a report on Monday, August 17th. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 30th. UBS Group reduced their price target on Sony from $560.00 to $525.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Sony from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sony presently has a consensus rating of “Moderate Buy” and an average price target of $373.00.

Sony Stock Performance

Sony stock opened at $25.93 on Thursday. The firm has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $22.36. The stock has a market cap of $153.22 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 0.97. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34.

Sony (NYSE:SONY) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. The firm had revenue of $21.77 billion for the quarter, compared to analyst estimates of $20.15 billion. Sony had a negative net margin of 2.00% and a positive return on equity of 13.06%. On average, analysts expect that Sony Corporation will post 1.45 EPS for the current year.

Sony Company Profile

Sony Group Corporation is a Japan-based global entertainment and technology company whose businesses span games, music, motion pictures, electronics, imaging and financial services. The company develops and markets consumer and professional products, digital content, software and services through a portfolio of internationally recognized brands.

Sony’s Game & Network Services business operates the PlayStation platform, including hardware, software, online services and related content.