Haven Private LLC Invests $233,000 in Sony Corporation $SONY

Haven Private LLC bought a new position in Sony Corporation (NYSE:SONY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,954 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds also recently modified their holdings of SONY. Trust Co. of Toledo NA OH bought a new stake in shares of Sony in the 2nd quarter worth approximately $39,000. Zions Bancorporation National Association UT bought a new stake in shares of Sony in the 1st quarter worth approximately $47,000. Financial Management Professionals Inc. raised its holdings in shares of Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after purchasing an additional 889 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Sony in the 2nd quarter worth approximately $69,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sony in the 1st quarter worth approximately $75,000. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SONY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Cfra Research raised shares of Sony to a “moderate buy” rating in a report on Friday, October 10th. Finally, Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sony currently has a consensus rating of “Buy” and an average target price of $33.00.

Sony Trading Up 0.6%

Shares of SONY stock opened at $27.92 on Friday. The company’s fifty day simple moving average is $28.74 and its two-hundred day simple moving average is $26.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1 year low of $17.56 and a 1 year high of $30.28. The stock has a market capitalization of $168.84 billion, a price-to-earnings ratio of 22.16 and a beta of 0.95.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The business had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. During the same quarter in the previous year, the firm posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sony Corporation will post 1.23 earnings per share for the current year.

About Sony

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.