Fisher Asset Management LLC Grows Position in Sony Corporation $SONY

Fisher Asset Management LLC grew its holdings in Sony Corporation (NYSE:SONYFree Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,644,526 shares of the company’s stock after purchasing an additional 2,766,460 shares during the period. Sony makes up about 1.1% of Fisher Asset Management LLC’s holdings, making the stock its 24th biggest position. Fisher Asset Management LLC owned about 1.73% of Sony worth $3,128,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SONY. HighPoint Advisor Group LLC lifted its holdings in shares of Sony by 2.8% in the third quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock worth $394,000 after buying an additional 367 shares in the last quarter. West Family Investments Inc. increased its holdings in Sony by 1.1% during the 3rd quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock worth $985,000 after acquiring an additional 385 shares during the period. Checchi Capital Advisers LLC lifted its stake in Sony by 1.3% in the 3rd quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock worth $875,000 after purchasing an additional 391 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in Sony by 46.7% in the 3rd quarter. Highline Wealth Partners LLC now owns 1,316 shares of the company’s stock valued at $38,000 after purchasing an additional 419 shares during the period. Finally, Personal CFO Solutions LLC boosted its holdings in Sony by 1.4% in the 2nd quarter. Personal CFO Solutions LLC now owns 30,463 shares of the company’s stock valued at $793,000 after purchasing an additional 427 shares during the period. 14.05% of the stock is owned by institutional investors.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

Sony Trading Up 2.1%

SONY stock opened at $23.08 on Monday. The company has a market capitalization of $139.55 billion, a PE ratio of -115.37, a price-to-earnings-growth ratio of 8.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. Sony Corporation has a one year low of $20.42 and a one year high of $30.34. The company’s 50 day moving average price is $23.64 and its two-hundred day moving average price is $26.76.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SONY. Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Nomura raised Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Wall Street Zen raised Sony to a “hold” rating in a report on Saturday, December 6th. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $30.00 price target (down from $33.00) on shares of Sony in a research note on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sony currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Get Our Latest Analysis on SONY

Sony Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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