First Citizens Bank & Trust Co. acquired a new stake in Sony Corp (NYSE:SNE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,556 shares of the company’s stock, valued at approximately $834,000.

Other institutional investors have also bought and sold shares of the company. Parametric Portfolio Associates LLC increased its position in shares of Sony by 10.8% during the third quarter. Parametric Portfolio Associates LLC now owns 821,330 shares of the company’s stock worth $30,668,000 after purchasing an additional 79,906 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Sony during the third quarter worth approximately $580,000. Janney Montgomery Scott LLC increased its position in shares of Sony by 31.8% during the third quarter. Janney Montgomery Scott LLC now owns 12,508 shares of the company’s stock worth $467,000 after purchasing an additional 3,021 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Sony by 95.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,641 shares of the company’s stock worth $248,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Sony by 245.0% during the third quarter. Cubist Systematic Strategies LLC now owns 45,318 shares of the company’s stock worth $1,692,000 after purchasing an additional 32,183 shares in the last quarter. Institutional investors and hedge funds own 6.77% of the company’s stock.

Several analysts recently commented on the company. Jefferies Group reiterated a “buy” rating and set a $59.84 price target on shares of Sony in a research report on Friday, November 17th. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Tuesday, January 2nd. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Credit Suisse Group lowered Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Morgan Stanley lowered Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $48.19.

Sony Corp (NYSE SNE) opened at $50.03 on Friday. The firm has a market capitalization of $63,090.00, a price-to-earnings ratio of 27.79 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. Sony Corp has a 12 month low of $29.16 and a 12 month high of $50.82.

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Sony Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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