Renaissance Technologies LLC Acquires Shares of 655,000 Sony Corporation $SONY

Renaissance Technologies LLC bought a new position in shares of Sony Corporation (NYSE:SONY) during the 1st quarter, Holdings Channel.com reports. The fund bought 655,000 shares of the company’s stock, valued at approximately $13,558,000.

A number of other large investors have also modified their holdings of the business. Fisher Asset Management LLC lifted its holdings in shares of Sony by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock valued at $2,789,929,000 after buying an additional 4,337,062 shares during the period. Capital International Investors raised its position in Sony by 23.1% in the fourth quarter. Capital International Investors now owns 7,446,889 shares of the company’s stock worth $191,534,000 after acquiring an additional 1,397,271 shares in the last quarter. Royal Bank of Canada raised its position in Sony by 10.7% in the fourth quarter. Royal Bank of Canada now owns 6,778,922 shares of the company’s stock worth $173,539,000 after acquiring an additional 657,655 shares in the last quarter. Capital World Investors lifted its holdings in Sony by 1.5% in the fourth quarter. Capital World Investors now owns 5,076,516 shares of the company’s stock valued at $129,973,000 after acquiring an additional 74,768 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Sony by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,411,634 shares of the company’s stock valued at $87,342,000 after acquiring an additional 37,360 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Performance

SONY opened at $23.33 on Friday. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34. The stock has a market cap of $137.84 billion, a P/E ratio of -116.65, a P/E/G ratio of 1.81 and a beta of 0.94. The stock’s 50 day simple moving average is $21.17 and its 200 day simple moving average is $21.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94.

Sony (NYSE:SONY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $17.45 billion during the quarter, compared to analysts’ expectations of $17.17 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.Sony’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $42.84 earnings per share. As a group, equities analysts anticipate that Sony Corporation will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on SONY. Wall Street Zen upgraded shares of Sony from a “hold” rating to a “buy” rating in a research report on Saturday. Benchmark reiterated a “buy” rating on shares of Sony in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. 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 has an average rating of “Hold” and a consensus price target of $22.00.

Sony News Summary

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony reported first-quarter revenue of $17.45 billion, up 8.2% year over year and above the $17.17 billion consensus estimate. EPS of $0.36 also exceeded expectations of $0.28, while operating profit reportedly rose 40%, helped by gaming and image sensors. Sony posts 40% rise in Q1 profit, beating estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook, including revenue guidance of approximately $81.7 billion versus the $78.4 billion analyst consensus. The upgrade signals management expects continued momentum, particularly from the gaming business. SONY Q1 Earnings & Sales Rise on Gaming & Sensors
• Positive Sentiment: Music revenue increased sharply, with global music-business revenue topping $3.53 billion amid stronger vinyl, live-event and merchandise sales. This diversification supports Sony’s higher-margin entertainment strategy. Sony’s Global Music Business Revenue
• Positive Sentiment: Spider-Man: Brand New Day generated a record $72 million in domestic preview sales and is projected to approach $270 million in its opening weekend, improving the outlook for Sony Pictures and theatrical releases. Spider-Man: Brand New Day box office preview
• Positive Sentiment: Sony said it has secured sufficient memory supply for the PS5 units it expects to sell this year, reducing a potential hardware constraint ahead of anticipated demand tied to major game launches. Sony says it has plenty of RAM for PlayStation

Insider Buying and Selling

In other news, insider Jonathan Jose Platt sold 16,512 shares of Sony stock in a transaction on Monday, July 6th. The stock was sold at an average price of $21.08, for a total transaction of $348,072.96. Following the completion of the transaction, the insider owned 83,326 shares of the company’s stock, valued at $1,756,512.08. The trade was a 16.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ravi Ahuja sold 36,826 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $21.08, for a total transaction of $776,292.08. Following the completion of the sale, the insider owned 58,786 shares in the company, valued at $1,239,208.88. This represents a 38.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 771,838 shares of company stock valued at $16,866,580 in the last three months. 7.00% of the stock is owned by insiders.

Sony Profile

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.