Sony Corporation $SONY Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its position in Sony Corporation (NYSE:SONY) by 86.6% in the third quarter, Holdings Channel reports. The institutional investor owned 146,070 shares of the company’s stock after purchasing an additional 67,770 shares during the period. Voya Investment Management LLC’s holdings in Sony were worth $4,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in Sony in the 2nd quarter worth about $28,000. GPS Wealth Strategies Group LLC raised its stake in shares of Sony by 220.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock worth $30,000 after buying an additional 790 shares during the period. Country Trust Bank purchased a new position in shares of Sony during the 2nd quarter valued at approximately $30,000. Trust Co. of Toledo NA OH acquired a new stake in Sony in the 2nd quarter valued at $39,000. Finally, Financial Management Professionals Inc. grew its stake in Sony by 81.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock valued at $52,000 after acquiring an additional 889 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura Securities upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

Sony Stock Up 0.0%

Shares of NYSE SONY opened at $25.77 on Friday. The stock has a market cap of $155.85 billion, a PE ratio of 19.82, a P/E/G ratio of 9.85 and a beta of 0.97. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. Sony Corporation has a 12-month low of $19.85 and a 12-month high of $30.34. The company has a 50-day moving average of $28.00 and a 200 day moving average of $27.32.

About Sony

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.