Sony Corp Ord (SNE) Shares Sold by Lazard Asset Management LLC
Lazard Asset Management LLC lessened its stake in Sony Corp Ord (NYSE:SNE) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 542,782 shares of the company’s stock after selling 19,234 shares during the quarter. Lazard Asset Management LLC’s holdings in Sony Corp Ord were worth $20,728,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SNE. Proficio Capital Partners LLC boosted its holdings in shares of 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 last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Sony Corp Ord during the 2nd quarter valued at $119,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Sony Corp Ord by 1.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after acquiring an additional 53 shares in the last quarter. Opes Advisors Inc acquired a new position in shares of Sony Corp Ord during the 2nd quarter valued at $206,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of Sony Corp Ord during the 2nd quarter valued at $212,000. Institutional investors own 6.54% of the company’s stock.
Sony Corp Ord (NYSE SNE) opened at 37.46 on Friday. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65. The firm has a market cap of $47.32 billion, a price-to-earnings ratio of 39.47 and a beta of 1.77. The company’s 50 day moving average is $39.27 and its 200 day moving average is $36.56.
Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The company had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter in the prior year, the business posted $16.44 EPS. Sony Corp Ord’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Sony Corp Ord will post $2.21 earnings per share for the current year.
Several equities analysts recently weighed in on SNE shares. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC restated a “buy” rating and set a $45.74 target price on shares of Sony Corp Ord in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Sony Corp Ord from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Credit Suisse Group lowered shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a report on Tuesday. Finally, Citigroup Inc. lowered shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and reduced their target price for the company from $40.60 to $39.93 in a report on Monday, September 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Sony Corp Ord currently has an average rating of “Buy” and an average target price of $43.42.
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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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