Opes Advisors Inc Invests $206,000 in Sony Corp Ord (SNE)
Opes Advisors Inc acquired a new position in shares of Sony Corp Ord (NYSE:SNE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $206,000.
Several other hedge funds also recently made changes to their positions in SNE. Proficio Capital Partners LLC grew its position in Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after purchasing an additional 139 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Sony Corp Ord in the 2nd quarter valued at $119,000. O Shaughnessy Asset Management LLC grew its position in Sony Corp Ord by 1.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after purchasing an additional 53 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in Sony Corp Ord in the 1st quarter valued at $226,000. Finally, Venturi Wealth Management LLC acquired a new stake in Sony Corp Ord in the 2nd quarter valued at $229,000. 6.54% of the stock is owned by institutional investors.
Sony Corp Ord (NYSE:SNE) traded down 1.1117% during mid-day trading on Wednesday, reaching $39.7333. 138,410 shares of the company traded hands. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65. The company’s 50-day moving average is $39.61 and its 200-day moving average is $36.22. The stock has a market capitalization of $50.19 billion, a price-to-earnings ratio of 41.8686 and a beta of 1.77.
Sony Corp Ord (NYSE:SNE) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $16.44 earnings per share. Equities analysts predict that Sony Corp Ord will post $2.21 earnings per share for the current fiscal year.
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Several analysts recently issued reports on the stock. Citigroup Inc. downgraded shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and reduced their price target for the company from $40.60 to $39.93 in a research report on Monday. 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. Jefferies Group LLC reissued a “buy” rating and issued a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Finally, BidaskClub raised shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.42.
Sony Corp Ord 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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