Sony Corp Ord (SNE) Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC increased its stake in Sony Corp Ord (NYSE:SNE) by 32.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,114 shares of the company’s stock after buying an additional 2,485 shares during the period. Checchi Capital Advisers LLC’s holdings in Sony Corp Ord were worth $386,000 as of its most recent filing with the SEC.

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Several other large investors also recently bought and sold shares of the company. Credit Suisse AG acquired a new position in shares of Sony Corp Ord during the first quarter worth about $6,978,000. Aperio Group LLC boosted its position 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 during the period. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Sony Corp Ord during the first quarter worth about $5,840,000. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new position in shares of Sony Corp Ord during the first quarter worth about $226,000. Finally, Cottage Street Advisors LLC acquired a new position in shares of Sony Corp Ord during the second quarter worth about $1,155,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Sony Corp Ord (NYSE SNE) opened at 38.92 on Wednesday. The firm’s 50-day moving average is $39.63 and its 200-day moving average is $35.21. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $41.65. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 41.67 and a beta of 1.73.

Sony Corp Ord (NYSE:SNE) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The company had revenue of $1,858.10 billion during the quarter, compared to analyst estimates of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $16.44 earnings per share. Analysts forecast that Sony Corp Ord will post $2.18 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on SNE shares. BidaskClub raised shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co raised shares of Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research report on Friday, April 21st. Zacks Investment Research raised shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Thursday, August 3rd. Sanford C. Bernstein started coverage on shares of Sony Corp Ord in a research report on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Sony Corp Ord has an average rating of “Buy” and an average target price of $42.31.

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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