Sony (NYSE:SONY) Insider Tsuyoshi Kodera Sells 17,500 Shares of Stock

Sony Corporation (NYSE:SONY) insider Tsuyoshi Kodera sold 17,500 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $395,675.00. Following the completion of the transaction, the insider directly owned 27,553 shares of the company’s stock, valued at approximately $622,973.33. The trade was a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sony Price Performance

Shares of SONY opened at $22.75 on Wednesday. Sony Corporation has a 12-month low of $19.63 and a 12-month high of $30.34. The business has a 50-day simple moving average of $21.00 and a two-hundred day simple moving average of $23.80. The company has a quick ratio of 0.94, a current ratio of 1.18 and a debt-to-equity ratio of 0.10. The stock has a market cap of $135.33 billion, a PE ratio of -113.73, a PEG ratio of 1.77 and a beta of 0.92.

Sony (NYSE:SONY) last issued its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.43 billion. During the same period in the previous year, the company earned $32.86 EPS. Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts anticipate that Sony Corporation will post 1.31 earnings per share for the current fiscal year.

Sony Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.0796 per share. This represents a yield of 80.0%. The ex-dividend date of this dividend is Monday, March 30th. Sony’s payout ratio is presently -55.00%.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony announced a new production deal involving Sony TV and Crave, adding to its content pipeline and signaling continued strength in entertainment partnerships.
• Positive Sentiment: Analysts highlighted Sony as a strong value stock, which may help support investor sentiment around the shares.
• Neutral Sentiment: Sony bought a production company behind reality-TV franchises, a move that expands its media footprint but is not likely to move the stock sharply on its own.
• Neutral Sentiment: Recent product and brand coverage around Xperia phones, TVs, headphones, and gaming features points to ongoing consumer-interest activity, though these items appear more promotional than financially material.
• Negative Sentiment: Director Kenichiro Yoshida sold 400,000 shares of Sony stock, and insider Tsuyoshi Kodera also sold shares, a combination that can weigh on sentiment because it may signal limited near-term confidence from leadership. Article Title Article Title
• Negative Sentiment: Sony faced criticism after raising PlayStation Plus subscription prices, which could raise concerns about gamer backlash and slower subscription growth.
• Negative Sentiment: One report also said Sony is being sued over alleged tariff-related windfall profits, adding an overhang of legal and reputational risk.

Institutional Investors Weigh In On Sony

A number of institutional investors have recently modified their holdings of SONY. YANKCOM Partnership boosted its stake in shares of Sony by 748.7% in the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after purchasing an additional 861 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Sony in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Sony in the 4th quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Sony by 404.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares during the last quarter. Finally, Twin Tree Management LP boosted its stake in shares of Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after purchasing an additional 1,139 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SONY. Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Finally, Benchmark reissued a “buy” rating on shares of Sony in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sony currently has an average rating of “Hold” and an average target price of $22.00.

About Sony

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.