Sony Corp (NYSE:SNE) saw an uptick in trading volume on Monday . 8,326,865 shares traded hands during mid-day trading, an increase of 471% from the previous session’s volume of 1,458,788 shares.The stock last traded at $46.60 and had previously closed at $43.07.

Several brokerages have weighed in on SNE. ValuEngine downgraded Sony from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded Sony from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Monday, March 4th. Jefferies Financial Group downgraded Sony from a “buy” rating to a “hold” rating and cut their price target for the stock from $77.62 to $44.04 in a report on Wednesday, March 20th. CLSA restated a “buy” rating on shares of Sony in a report on Friday, March 22nd. Finally, Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.32.

The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $58.36 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.80 and a beta of 1.34.

Sony (NYSE:SNE) last issued its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $1.03. Sony had a return on equity of 20.21% and a net margin of 9.48%. The company had revenue of $2,401.81 billion for the quarter, compared to the consensus estimate of $2,676.17 billion. During the same quarter in the prior year, the business earned $234.08 EPS. Sony’s revenue was down 10.1% on a year-over-year basis. On average, analysts forecast that Sony Corp will post 6.14 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in shares of Sony by 639.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock worth $109,636,000 after acquiring an additional 1,563,202 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in shares of Sony during the 4th quarter worth about $51,675,000. Boston Partners boosted its position in shares of Sony by 42.6% during the 4th quarter. Boston Partners now owns 2,018,740 shares of the company’s stock worth $97,464,000 after acquiring an additional 602,923 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Sony during the 4th quarter worth about $23,021,000. Finally, LMR Partners LLP acquired a new position in shares of Sony during the 4th quarter worth about $19,478,000. Institutional investors own 7.55% of the company’s stock.

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About Sony (NYSE:SNE)

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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