Sony Corporation $SONY Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its stake in Sony Corporation (NYSE:SONYFree Report) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,762,209 shares of the company’s stock after acquiring an additional 81,525 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Sony were worth $50,734,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of Sony by 2.7% in the third quarter. Fisher Asset Management LLC now owns 104,644,526 shares of the company’s stock valued at $3,128,924,000 after purchasing an additional 2,766,460 shares during the period. Mondrian Investment Partners LTD purchased a new stake in Sony during the 3rd quarter worth $277,631,000. Capital International Investors increased its stake in Sony by 245.0% during the 3rd quarter. Capital International Investors now owns 6,049,618 shares of the company’s stock worth $176,044,000 after buying an additional 4,296,028 shares during the period. Capital World Investors lifted its holdings in Sony by 0.4% in the 3rd quarter. Capital World Investors now owns 5,001,748 shares of the company’s stock worth $144,021,000 after buying an additional 20,960 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Sony by 7,377.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock worth $97,145,000 after buying an additional 3,329,147 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SONY shares. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 19th. Wall Street Zen raised Sony to a “hold” rating in a report on Saturday, December 6th. Sanford C. Bernstein restated a “market perform” rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday. Finally, Zacks Research downgraded Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sony has a consensus rating of “Hold” and a consensus target price of $22.00.

Check Out Our Latest Analysis on Sony

Sony Stock Performance

Shares of NYSE SONY opened at $20.36 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $22.57 and its two-hundred day moving average price is $26.17. Sony Corporation has a 52-week low of $20.32 and a 52-week high of $30.34. The stock has a market capitalization of $123.10 billion, a P/E ratio of -101.77, a P/E/G ratio of 7.43 and a beta of 0.94.

Trending Headlines about Sony

Here are the key news stories impacting Sony this week:

About Sony

(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.

Further Reading

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

Institutional Ownership by Quarter for Sony (NYSE:SONY)

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.