NGAM Advisors L.P. raised its position in Sony Corp Ord (NYSE:SNE) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 164,799 shares of the company’s stock after buying an additional 3,426 shares during the period. NGAM Advisors L.P.’s holdings in Sony Corp Ord were worth $6,294,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SNE. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Sony Corp Ord during the first quarter worth about $151,000. O Shaughnessy Asset Management LLC raised 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 worth $172,000 after buying an additional 53 shares in the last quarter. Quadrant Capital Group LLC raised its stake 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 in the last quarter. Eastern Bank acquired a new stake in shares of Sony Corp Ord during the first quarter worth about $202,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Sony Corp Ord during the first quarter worth about $205,000. 6.95% of the stock is owned by hedge funds and other institutional investors.

Sony Corp Ord (SNE) opened at 40.34 on Friday. The stock has a market capitalization of $50.95 billion, a P/E ratio of 43.75 and a beta of 1.73. The firm’s 50-day moving average price is $39.13 and its 200 day moving average price is $34.58. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65.

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

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A number of equities research analysts recently issued reports on SNE shares. BidaskClub lowered Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Jefferies Group LLC reissued a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research note on Thursday. Zacks Investment Research raised Sony Corp Ord from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st. Finally, Sanford C. Bernstein started coverage on Sony Corp Ord in a research note on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target for the company. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.31.

Sony Corp Ord Company Profile

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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Institutional Ownership by Quarter for Sony Corp Ord (NYSE:SNE)

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