Sony (NYSE:SONY) Insider Tsuyoshi Kodera Sells 51,000 Shares of Stock

Sony Corporation (NYSE:SONY) insider Tsuyoshi Kodera sold 51,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $20.54, for a total transaction of $1,047,540.00. Following the transaction, the insider directly owned 27,553 shares in the company, valued at $565,938.62. This represents a 64.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tsuyoshi Kodera also recently made the following trade(s):

• On Monday, May 18th, Tsuyoshi Kodera sold 17,500 shares of Sony stock. The shares were sold at an average price of $22.61, for a total value of $395,675.00.

Sony Price Performance

Shares of SONY stock traded down $0.01 during trading on Thursday, hitting $20.23. The company had a trading volume of 3,421,181 shares, compared to its average volume of 6,339,766. The firm has a market capitalization of $119.49 billion, a P/E ratio of -101.12, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93. Sony Corporation has a one year low of $19.63 and a one year high of $30.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The stock’s 50-day moving average price is $21.35 and its 200 day moving average price is $22.78.

Sony (NYSE:SONY) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.43 billion. Sony had a positive return on equity of 12.20% and a negative net margin of 2.61%.Sony’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $32.86 EPS. Equities analysts expect that Sony Corporation will post 1.28 EPS for the current fiscal year.

Institutional Trading of Sony

Several institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC boosted its stake in Sony by 5.1% in the first quarter. Rathbones Group PLC now owns 206,337 shares of the company’s stock valued at $4,271,000 after buying an additional 10,062 shares in the last quarter. Parallel Advisors LLC raised its stake in Sony by 10.8% during the first quarter. Parallel Advisors LLC now owns 36,255 shares of the company’s stock worth $750,000 after acquiring an additional 3,520 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Sony by 10.2% in the first quarter. NewEdge Advisors LLC now owns 72,116 shares of the company’s stock worth $1,493,000 after acquiring an additional 6,651 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Sony by 25.3% in the first quarter. Glenmede Trust Co. NA now owns 67,834 shares of the company’s stock worth $1,404,000 after acquiring an additional 13,689 shares during the last quarter. Finally, Summitry LLC lifted its holdings in shares of Sony by 5.4% in the first quarter. Summitry LLC now owns 21,420 shares of the company’s stock worth $443,000 after acquiring an additional 1,102 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony Pictures is expanding its film pipeline: the company will handle international distribution for Greta Gerwig’s Narnia: The Magician’s Nephew, a high-profile franchise project that could add to future box office and streaming revenue. Sony to Handle International for ‘Narnia: The Magician’s Nephew’
• Positive Sentiment: Sony Pictures also partnered with Netflix on the global theatrical release of Narnia: The Magician’s Nephew, reinforcing Sony’s role in major film distribution deals. Sony partners with Netflix for the global theatrical release of Greta Gerwig’s ‘Narnia: The Magician’s Nephew’
• Positive Sentiment: Sony’s new LYTIA L910 mobile camera sensor, its first with LOFIC architecture, could strengthen the company’s image sensor business and support future demand from smartphone makers. LYTIA L910 is Sony’s first mobile camera sensor with LOFIC architecture
• Positive Sentiment: Sony Pictures’ Spider-Man: Brand New Day being “Shot for SCREENX” highlights continued momentum around a major franchise title and premium-format theater partnerships. CJ 4DPLEX ANNOUNCES SONY PICTURES’ ‘SPIDER-MAN: BRAND NEW DAY’ SHOT FOR SCREENX
• Neutral Sentiment: Sony announced annual AV Partner Awards, which is positive for channel relationships but likely not a major stock driver on its own. Sony Electronics’ Professional Display Solutions Announces Winners of Annual Sony AV Partner Awards
• Neutral Sentiment: Product and consumer-tech coverage around PlayStation controller patents, DualSense PC tools, and Bravia TV reviews may support brand visibility, but these stories are unlikely to materially move shares by themselves. Sony Patents PlayStation Controller That Grips and Releases Your Fingers Mid-Game Sony Didn’t Do It, So Someone Else Made An App To Unlock DualSense On PC
• Negative Sentiment: Commentary about Microsoft’s Xbox restructuring argues Sony may be facing a more strategic competition in gaming, which could pressure sentiment around the PlayStation business if rivalry intensifies. Microsoft’s Xbox Problem Is Bigger Than a Console War (SONY)

Analysts Set New Price Targets

SONY has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Sony in a research report on Monday, May 11th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a report on Tuesday, March 17th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.00.

Sony Company Profile

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.