ETRADE Capital Management LLC Has $945,000 Stake in Sony Corp Ord (SNE)
ETRADE Capital Management LLC lifted its holdings in shares of Sony Corp Ord (NYSE:SNE) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,732 shares of the company’s stock after purchasing an additional 4,809 shares during the quarter. ETRADE Capital Management LLC’s holdings in Sony Corp Ord were worth $945,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of Sony Corp Ord by 5.6% during the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after purchasing an additional 139 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Sony Corp Ord during the second quarter worth $119,000. Opes Advisors Inc acquired a new stake in shares of Sony Corp Ord during the second quarter worth $206,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Sony Corp Ord by 1.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after purchasing an additional 53 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Sony Corp Ord during the second quarter worth $212,000. Institutional investors and hedge funds own 6.54% of the company’s stock.
Sony Corp Ord (NYSE SNE) opened at 37.50 on Monday. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The company has a 50 day moving average price of $39.27 and a 200 day moving average price of $36.56. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of 39.35 and a beta of 1.77.
Sony Corp Ord (NYSE:SNE) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating the 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 business 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 previous year, the company posted $16.44 EPS. Sony Corp Ord’s revenue was up 15.2% on a year-over-year basis. Equities research analysts predict that Sony Corp Ord will post $2.21 earnings per share for the current year.
SNE has been the topic of several analyst reports. BidaskClub cut 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 price objective on shares of Sony Corp Ord in a report on Thursday, August 3rd. Zacks Investment Research upgraded Sony Corp Ord from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Credit Suisse Group lowered Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Citigroup Inc. lowered Sony Corp Ord from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.60 to $39.93 in a research report on Monday, September 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.42.
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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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