J. Safra Sarasin Holding AG Reduces Position in Sony Corporation $SONY

J. Safra Sarasin Holding AG decreased its holdings in Sony Corporation (NYSE:SONY) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 155,445 shares of the company’s stock after selling 6,592 shares during the period. J. Safra Sarasin Holding AG’s holdings in Sony were worth $4,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SONY. Capital Investment Advisory Services LLC raised its holdings in Sony by 3.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company’s stock valued at $329,000 after acquiring an additional 392 shares during the period. Stonegate Investment Group LLC raised its stake in shares of Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company’s stock valued at $429,000 after purchasing an additional 433 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company’s stock worth $135,000 after purchasing an additional 442 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Sony by 3.7% during the 2nd quarter. Sowell Financial Services LLC now owns 13,318 shares of the company’s stock worth $347,000 after purchasing an additional 474 shares in the last quarter. Finally, First Foundation Advisors grew its holdings in Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company’s stock valued at $369,000 after buying an additional 478 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Trading Down 2.2%

Shares of SONY opened at $28.11 on Friday. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $30.25. The stock has a market cap of $170.02 billion, a PE ratio of 22.31 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $27.68 and its 200-day moving average price is $25.89.

Sony (NYSE:SONY) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The company had revenue of $17.79 billion during the quarter, compared to analysts’ expectations of $18.88 billion. During the same quarter in the previous year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony Profile

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.