Todd Asset Management LLC Grows Stock Holdings in Sony Corporation $SONY

Todd Asset Management LLC lifted its holdings in Sony Corporation (NYSE:SONYFree Report) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,197,628 shares of the company’s stock after purchasing an additional 67,373 shares during the period. Todd Asset Management LLC’s holdings in Sony were worth $34,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. HighPoint Advisor Group LLC grew its holdings in shares of Sony by 2.8% during the third quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock worth $394,000 after purchasing an additional 367 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Sony by 1.3% during the 3rd quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock worth $875,000 after purchasing an additional 391 shares in the last quarter. Highline Wealth Partners LLC grew 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 buying an additional 419 shares during the period. Personal CFO Solutions LLC grew its holdings in Sony by 1.4% in the second quarter. Personal CFO Solutions LLC now owns 30,463 shares of the company’s stock valued at $793,000 after purchasing an additional 427 shares during the last quarter. Finally, Rossby Financial LCC raised its position in Sony by 2.6% during the second quarter. Rossby Financial LCC now owns 18,897 shares of the company’s stock worth $492,000 after acquiring an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the subject of several analyst reports. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Nomura raised shares of Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Sanford C. Bernstein reissued an “outperform” rating and issued a $30.00 target price (down previously from $33.00) on shares of Sony in a report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Get Our Latest Stock Analysis on SONY

Key Headlines Impacting Sony

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Sony Stock Performance

Shares of SONY opened at $23.18 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a market cap of $140.18 billion, a price-to-earnings ratio of -115.89, a price-to-earnings-growth ratio of 8.37 and a beta of 0.97. The company’s fifty day moving average is $24.50 and its 200-day moving average is $27.01. Sony Corporation has a 12 month low of $20.42 and a 12 month 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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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