Thrivent Financial for Lutherans Has $97.15 Million Stake in Sony Corporation $SONY

Thrivent Financial for Lutherans increased its stake in shares of Sony Corporation (NYSE:SONYFree Report) by 7,377.3% during the third quarter, HoldingsChannel.com reports. The fund owned 3,374,274 shares of the company’s stock after purchasing an additional 3,329,147 shares during the period. Thrivent Financial for Lutherans’ holdings in Sony were worth $97,145,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in Sony during the third quarter worth approximately $25,000. NewSquare Capital LLC acquired a new stake in Sony in the 2nd quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC boosted its position in shares of Sony by 220.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after acquiring an additional 790 shares during the period. Country Trust Bank acquired a new stake in shares of Sony in the second quarter worth $30,000. Finally, Highline Wealth Partners LLC increased its position in Sony by 46.7% during the third quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock worth $38,000 after acquiring an additional 419 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Stock Down 0.9%

NYSE SONY opened at $22.08 on Friday. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34. The company has a market capitalization of $133.53 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 8.49 and a beta of 0.98. The stock’s 50 day moving average is $25.77 and its two-hundred day moving average is $27.13. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

Analyst Ratings Changes

Several research firms have issued reports on SONY. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura raised Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Wolfe Research upgraded Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Wall Street Zen upgraded Sony to a “hold” rating in a research report on Saturday, December 6th. Finally, Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Sony has a consensus rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Stock Report on Sony

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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