Osborn Williams & Donohoe LLC purchased a new position in Sony Corp (NYSE:SNE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,035 shares of the company’s stock, valued at approximately $603,000.
A number of other hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sony in the 4th quarter worth about $2,607,000. LMR Partners LLP bought a new stake in Sony in the 4th quarter worth about $19,478,000. LPL Financial LLC increased its holdings in Sony by 3.6% in the 4th quarter. LPL Financial LLC now owns 35,481 shares of the company’s stock worth $1,713,000 after buying an additional 1,232 shares in the last quarter. Bailard Inc. increased its holdings in Sony by 16.7% in the 1st quarter. Bailard Inc. now owns 48,965 shares of the company’s stock worth $2,068,000 after buying an additional 6,999 shares in the last quarter. Finally, AdvisorNet Financial Inc bought a new stake in Sony in the 4th quarter worth about $91,000. 7.54% of the stock is owned by institutional investors.
Shares of SNE stock traded up $0.64 during trading hours on Friday, reaching $48.98. 809,000 shares of the company traded hands, compared to its average volume of 1,629,672. Sony Corp has a 12-month low of $41.91 and a 12-month high of $61.02. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market cap of $61.08 billion, a P/E ratio of 7.62, a PEG ratio of 2.40 and a beta of 1.39.
Sony (NYSE:SNE) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.43. Sony had a return on equity of 21.78% and a net margin of 10.54%. The firm had revenue of $2,127.50 billion for the quarter, compared to analysts’ expectations of $2,040.96 billion. During the same period in the previous year, the firm earned $41.20 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Sony Corp will post 3.97 earnings per share for the current fiscal year.
Several research firms recently commented on SNE. ValuEngine upgraded Sony from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Jefferies Financial Group upgraded Sony from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded Sony from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Sony presently has a consensus rating of “Buy” and a consensus target price of $50.32.
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Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
See Also: Return On Assets
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