HBK Sorce Advisory LLC acquired a new stake in shares of Sony Corp (NYSE:SNE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,926 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation acquired a new stake in shares of Sony in the third quarter valued at $107,000. First Hawaiian Bank acquired a new stake in shares of Sony in the third quarter valued at $120,000. Financial Architects Inc acquired a new stake in shares of Sony in the third quarter valued at $133,000. Chicago Partners Investment Group LLC increased its stake in shares of Sony by 60.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock valued at $122,000 after buying an additional 895 shares in the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Sony in the second quarter valued at $146,000. 7.64% of the stock is owned by institutional investors.

Shares of SNE stock opened at $51.29 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.79. The stock has a market capitalization of $64.81 billion, a P/E ratio of 11.22, a PEG ratio of 1.12 and a beta of 1.62. Sony Corp has a 12 month low of $44.53 and a 12 month high of $61.02.

Sony (NYSE:SNE) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.29. The firm had revenue of $19.58 billion during the quarter. Sony had a return on equity of 17.19% and a net margin of 7.70%. Equities analysts anticipate that Sony Corp will post 4.54 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on SNE. Zacks Investment Research lowered Sony from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine lowered Sony from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Citigroup upgraded Sony from a “neutral” rating to a “buy” rating and set a $52.91 target price for the company in a research note on Sunday, December 9th. JPMorgan Chase & Co. upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Friday, November 30th. Finally, Credit Suisse Group upgraded Sony from a “neutral” rating to an “outperform” rating in a research note on Monday, September 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.07.

COPYRIGHT VIOLATION WARNING: “3,926 Shares in Sony Corp (SNE) Purchased by HBK Sorce Advisory LLC” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/12/16/3926-shares-in-sony-corp-sne-purchased-by-hbk-sorce-advisory-llc.html.

Sony Company Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

See Also: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Want to see what other hedge funds are holding SNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Corp (NYSE:SNE).

Institutional Ownership by Quarter for Sony (NYSE:SNE)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.