25,800 Shares in Sony Corp (SNE) Purchased by Point72 Asset Management L.P.
Point72 Asset Management L.P. bought a new stake in Sony Corp (NYSE:SNE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,800 shares of the company’s stock, valued at approximately $1,323,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in SNE. Sageworth Trust Co bought a new position in shares of Sony during the 2nd quarter valued at about $103,000. Braun Bostich & Associates Inc. bought a new position in shares of Sony during the 1st quarter valued at about $115,000. Credit Agricole S A bought a new position in shares of Sony during the 2nd quarter valued at about $146,000. Rainier Group Investment Advisory LLC bought a new position in shares of Sony during the 1st quarter valued at about $168,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Sony during the 2nd quarter valued at about $239,000. Hedge funds and other institutional investors own 7.62% of the company’s stock.
NYSE:SNE opened at $57.00 on Friday. Sony Corp has a twelve month low of $36.25 and a twelve month high of $59.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market cap of $72.02 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.43.
Several research firms have recently weighed in on SNE. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a research report on Monday, September 10th. Finally, Zacks Investment Research upgraded shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.15.
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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