Nuveen LLC Buys Shares of 42,653 Sony Corporation $SONY
Nuveen LLC acquired 42,653 shares of Sony Corporation (NYSE:SONY) valued at approximately $1,083,000 in the first quarter, as reported in its Form 13F filing. Other institutional investors also increased their stakes in Sony, with Bank of America Corp DE raising its position by 377.7%. Sony's stock opened at $27.52, down 1.7%, with a market cap of $166.43 billion and a P/E ratio of 21.84. Analysts have mixed ratings on the stock, with a consensus rating of "Buy" and a target price of $28.00.
Nuveen LLC bought a new stake in Sony Corporation (NYSE:SONY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,653 shares of the company's stock, valued at approximately $1,083,000.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Bank of America Corp DE raised its position in Sony by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares during the period. Royal Bank of Canada raised its position in Sony by 416.6% in the fourth quarter. Royal Bank of Canada now owns 5,796,210 shares of the company's stock valued at $122,649,000 after purchasing an additional 4,674,249 shares during the period. LMR Partners LLP purchased a new stake in Sony in the fourth quarter valued at approximately $44,854,000. GAMMA Investing LLC raised its position in Sony by 2,995.3% in the first quarter. GAMMA Investing LLC now owns 994,755 shares of the company's stock valued at $25,257,000 after purchasing an additional 962,617 shares during the period. Finally, Theleme Partners LLP raised its position in Sony by 400.0% in the fourth quarter. Theleme Partners LLP now owns 925,000 shares of the company's stock valued at $19,573,000 after purchasing an additional 740,000 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.
Sony Stock Down 1.7%
Sony stock opened at $27.52 on Tuesday. Sony Corporation has a twelve month low of $17.42 and a twelve month high of $29.16. The stock's fifty day simple moving average is $25.90 and its 200-day simple moving average is $25.19. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $166.43 billion, a P/E ratio of 21.84 and a beta of 0.94.
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Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same quarter in the prior year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sony Corporation will post 1.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $28.00.
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Read Our Latest Analysis on SONY
Sony Company Profile
(Free Report)Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.
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