Keel Point LLC Has $225,000 Stake in Sony Corporation $SONY

Keel Point LLC lowered its position in Sony Corporation (NYSE:SONY) by 69.2% in the first quarter, HoldingsChannel.com reports. The fund owned 10,880 shares of the company’s stock after selling 24,495 shares during the quarter. Keel Point LLC’s holdings in Sony were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Sony during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in Sony during the 4th quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Sony by 404.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares during the last quarter. Twin Tree Management LP raised its position in Sony by 4,218.5% in the 4th quarter. Twin Tree Management LP now owns 1,112 shares of the company’s stock valued at $28,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Sony in the fourth quarter worth $28,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sony

In related news, CEO Hiroki Totoki sold 225,000 shares of the firm’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of $21.02, for a total value of $4,729,500.00. Following the transaction, the chief executive officer owned 173,250 shares in the company, valued at $3,641,715. This trade represents a 56.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenichiro Yoshida sold 400,000 shares of Sony stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $22.61, for a total value of $9,044,000.00. Following the completion of the sale, the director owned 661,615 shares of the company’s stock, valued at approximately $14,959,115.15. The trade was a 37.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 771,838 shares of company stock valued at $16,866,580 over the last ninety days. Company insiders own 7.00% of the company’s stock.

Key Stories Impacting Sony

Here are the key news stories impacting Sony this week:

• Positive Sentiment: Sony Pictures’ Spider-Man: Brand New Day is expanding into IMAX theaters across North America after generating $23 million in IMAX sales in China, Japan and South Korea. The film’s $19 million IMAX opening in China was the franchise’s best, providing a potential boost to Pictures revenue and licensing. Spider-Man Brand New Day IMAX expansion
• Positive Sentiment: Sony Electronics introduced the FE 100-400mm F5.6-8 OSS super-telephoto zoom lens. The new camera product broadens Sony’s interchangeable-lens lineup and could support its imaging business, although the lens is aimed primarily at hobbyists and is described as relatively slow. Sony FE 100-400mm lens launch
• Neutral Sentiment: New colors for the WH-1000XM6 headphones, discounts on older XM5 headphones, and promotions for LinkBuds and Inzone monitors increase consumer visibility but are unlikely to materially change Sony’s financial outlook in the near term. Sony headphone product updates
• Negative Sentiment: Sony executives acknowledged that the company’s Venom-related shared Spider-Man universe did not satisfy audiences and indicated that additional Spider-Man spin-offs are uncertain or being canceled. That raises concerns about franchise execution and the consistency of Sony Pictures’ film pipeline. Sony Spider-Man spin-off strategy
• Negative Sentiment: Sony Pictures’ inability to release the Brad Pitt-led Cliff Booth spinoff exclusively in theaters because of a Netflix-related arrangement highlights ongoing challenges in controlling distribution and maximizing theatrical revenue. Cliff Booth spinoff Netflix deal

Sony Stock Performance

SONY stock opened at $22.39 on Wednesday. The company has a 50 day moving average price of $21.19 and a 200 day moving average price of $21.51. Sony Corporation has a fifty-two week low of $19.32 and a fifty-two week high of $30.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 0.94. The stock has a market capitalization of $132.29 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.17 billion. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $42.84 EPS. Analysts forecast that Sony Corporation will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Benchmark restated a “buy” rating on shares of Sony in a report on Monday. Wall Street Zen raised Sony from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research report on Wednesday, May 20th. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.