First Allied Advisory Services Inc. grew its stake in Sony Corp (NYSE:SNE) by 27.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,121 shares of the company’s stock after purchasing an additional 2,589 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Sony were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of Sony by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after purchasing an additional 87 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Sony by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock valued at $235,000 after purchasing an additional 111 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Sony 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. Fiera Capital Corp lifted its stake in shares of Sony by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after purchasing an additional 175 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Sony by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 15,377 shares of the company’s stock valued at $587,000 after purchasing an additional 208 shares during the period. 6.78% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Jefferies Group reaffirmed a “buy” rating and set a $59.84 price objective on shares of Sony in a research note on Friday, November 17th. Zacks Investment Research downgraded Sony from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley downgraded Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Credit Suisse Group downgraded Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup downgraded Sony from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.94.

Shares of Sony Corp (NYSE:SNE) traded up $0.02 during trading on Thursday, reaching $44.65. The company had a trading volume of 734,200 shares, compared to its average volume of 856,894. The firm has a market cap of $56,392.55, a P/E ratio of 25.07 and a beta of 1.78. Sony Corp has a twelve month low of $27.91 and a twelve month high of $48.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71.

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About Sony

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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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