Chicago Partners Investment Group LLC bought a new position in shares of Sony Corp Ord (NYSE:SNE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,596 shares of the company’s stock, valued at approximately $119,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SNE. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sony Corp Ord during the first quarter valued at about $151,000. O Shaughnessy Asset Management LLC increased its stake in shares of Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after buying an additional 53 shares during the period. Quadrant Capital Group LLC increased its position in shares of Sony Corp Ord by 154.9% in the first quarter. Quadrant Capital Group LLC now owns 6,195 shares of the company’s stock worth $198,000 after buying an additional 3,765 shares during the period. Eastern Bank acquired a new position in shares of Sony Corp Ord during the first quarter worth about $202,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Sony Corp Ord during the first quarter worth about $205,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.
Sony Corp Ord (NYSE:SNE) traded down 0.38% on Friday, hitting $38.85. The stock had a trading volume of 293,202 shares. The company has a 50-day moving average price of $39.66 and a 200 day moving average price of $35.27. Sony Corp Ord has a 52-week low of $27.72 and a 52-week high of $41.65. The firm has a market cap of $49.07 billion, a PE ratio of 41.46 and a beta of 1.73.
Sony Corp Ord (NYSE:SNE) last issued its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The business had revenue of $1,858.10 billion for the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $16.44 EPS. Equities analysts forecast that Sony Corp Ord will post $2.18 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Zacks Investment Research raised Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a report on Thursday, August 3rd. BidaskClub cut Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Sanford C. Bernstein started coverage on Sony Corp Ord in a report on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Sony Corp Ord in a research report on Monday, May 1st. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Sony Corp Ord has an average rating of “Buy” and an average price target 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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