Stock Traders Purchase High Volume of Sony Corp Ord Call Options (SNE)
Sony Corp Ord (NYSE:SNE) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 12,796 call options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 call options.
Several equities analysts have weighed in on SNE shares. BidaskClub downgraded shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research raised shares of Sony Corp Ord from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a report on Thursday, August 3rd. Citigroup Inc downgraded shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.60 to $39.93 in a report on Monday, September 11th. Finally, Credit Suisse Group downgraded shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.42.
Sony Corp Ord (SNE) opened at $44.81 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market cap of $56,701.77, a price-to-earnings ratio of 25.22 and a beta of 1.80.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Sony Corp Ord had a net margin of 3.17% and a return on equity of 7.97%. The firm had revenue of $1,858.10 billion for the quarter, compared to the consensus estimate of $1,735.86 billion. During the same quarter in the previous year, the firm earned $16.44 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. analysts predict that Sony Corp Ord will post 2.62 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Sony Corp Ord by 105.6% in the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock worth $31,191,000 after buying an additional 419,493 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Sony Corp Ord by 60.5% in the second quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock worth $769,000 after buying an additional 7,590 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Sony Corp Ord by 10.8% in the second quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock worth $23,751,000 after buying an additional 60,660 shares in the last quarter. Columbia Asset Management lifted its holdings in shares of Sony Corp Ord by 11.8% in the second quarter. Columbia Asset Management now owns 33,870 shares of the company’s stock worth $1,293,000 after buying an additional 3,575 shares in the last quarter. Finally, Credit Suisse AG purchased a new position in shares of Sony Corp Ord in the first quarter worth $6,978,000. 6.53% of the stock is currently owned by hedge funds and other institutional investors.
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About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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