Oppenheimer Asset Management Inc. Reduces Stock Position in Sony Corporation $SONY

Oppenheimer Asset Management Inc. cut its holdings in shares of Sony Corporation (NYSE:SONYFree Report) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,937 shares of the company’s stock after selling 31,030 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sony were worth $9,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HighPoint Advisor Group LLC increased its holdings in Sony by 2.8% during the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock worth $394,000 after purchasing an additional 367 shares during the last quarter. West Family Investments Inc. grew its position in shares of Sony by 1.1% in 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 in the last quarter. Checchi Capital Advisers LLC grew its position in shares of 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 acquiring an additional 391 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of Sony by 3.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock worth $298,000 after acquiring an additional 409 shares in the last quarter. Finally, Glenmede Investment Management LP grew its position in shares of Sony by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock worth $1,223,000 after acquiring an additional 416 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of SONY opened at $19.81 on Friday. Sony Corporation has a 12 month low of $19.63 and a 12 month high of $30.34. The company has a market cap of $117.82 billion, a P/E ratio of -99.02, a PEG ratio of 6.70 and a beta of 0.92. The stock has a fifty day moving average price of $21.09 and a 200 day moving average price of $24.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.97.

Trending Headlines about Sony

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Analyst Upgrades and Downgrades

SONY has been the subject of several research reports. Weiss Ratings lowered Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, 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, March 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sony presently has an average rating of “Hold” and an average price target of $22.00.

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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.

Further Reading

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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