IFP Advisors Inc lessened its position in Sony Corp (NYSE:SNE) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,140 shares of the company’s stock after selling 2,817 shares during the quarter. IFP Advisors Inc’s holdings in Sony were worth $199,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of SNE. Zions Bancorporation purchased a new stake in shares of Sony in the 3rd quarter valued at $107,000. First Hawaiian Bank purchased a new stake in shares of Sony in the 3rd quarter valued at $120,000. Financial Architects Inc purchased a new stake in shares of Sony in the 3rd quarter valued at $133,000. Toronto Dominion Bank raised its holdings in shares of Sony by 130.8% in the 3rd quarter. Toronto Dominion Bank now owns 2,964 shares of the company’s stock valued at $180,000 after buying an additional 1,680 shares during the period. Finally, Csenge Advisory Group purchased a new stake in shares of Sony in the 3rd quarter valued at $199,000. Hedge funds and other institutional investors own 7.54% of the company’s stock.
Shares of NYSE SNE opened at $45.86 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Sony Corp has a 1-year low of $44.53 and a 1-year high of $61.02. The stock has a market cap of $58.49 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.93 and a beta of 1.42.
Sony (NYSE:SNE) last issued its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $1.03. Sony had a return on equity of 20.90% and a net margin of 9.48%. The company had revenue of $2,401.81 billion for the quarter, compared to the consensus estimate of $2,676.17 billion. During the same quarter in the prior year, the business earned $234.08 EPS. Sony’s revenue was down 10.1% on a year-over-year basis. On average, research analysts expect that Sony Corp will post 4.93 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded Sony from a “hold” rating to a “sell” rating in a report on Saturday. Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Monday, January 28th. Citigroup upgraded Sony from a “neutral” rating to a “buy” rating and set a $52.91 price objective on the stock in a report on Sunday, December 9th. Finally, JPMorgan Chase & Co. upgraded Sony from a “neutral” rating to a “buy” rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $64.73.
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Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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