Sony Corporation $SONY Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Sony Corporation (NYSE:SONYFree Report) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 176,877 shares of the company’s stock after selling 27,257 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sony were worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Mondrian Investment Partners LTD purchased a new position in Sony in the 3rd quarter worth $277,631,000. Capital International Investors lifted its holdings in shares of Sony by 245.0% during the third quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock worth $176,044,000 after purchasing an additional 4,296,028 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Sony by 7,377.3% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock worth $97,145,000 after purchasing an additional 3,329,147 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Sony by 2.7% during the third quarter. Fisher Asset Management LLC now owns 104,644,526 shares of the company’s stock worth $3,128,924,000 after purchasing an additional 2,766,460 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Sony during the third quarter worth about $50,560,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.

View Our Latest Research Report on Sony

Sony Price Performance

Shares of SONY opened at $19.81 on Friday. The business’s 50-day moving average is $21.09 and its two-hundred day moving average is $24.39. The company has a market capitalization of $117.82 billion, a P/E ratio of -99.02, a P/E/G ratio of 6.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. Sony Corporation has a fifty-two week low of $19.63 and a fifty-two week high of $30.34.

About Sony

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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