Parallel Advisors LLC grew its stake in shares of Sony Corp (NYSE:SNE) by 150.2% during the 3rd quarter, Holdings Channel reports. The firm owned 5,012 shares of the company’s stock after buying an additional 3,009 shares during the period. Parallel Advisors LLC’s holdings in Sony were worth $296,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Sony during the 3rd quarter worth approximately $29,000. Arlington Partners LLC acquired a new position in shares of Sony during the 2nd quarter worth approximately $30,000. Usca Ria LLC acquired a new position in shares of Sony during the 3rd quarter worth approximately $30,000. CWM LLC increased its holdings in shares of Sony by 76.2% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $34,000 after acquiring an additional 246 shares during the last quarter. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Sony during the 2nd quarter worth approximately $39,000. 8.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SNE stock traded up $0.01 during trading on Friday, reaching $60.41. 933,034 shares of the company’s stock were exchanged, compared to its average volume of 1,357,628. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $75.27 billion, a PE ratio of 9.40, a PEG ratio of 2.12 and a beta of 1.39. Sony Corp has a twelve month low of $41.91 and a twelve month high of $61.85. The firm’s fifty day moving average price is $59.15 and its 200-day moving average price is $54.79.
SNE has been the topic of a number of recent analyst reports. Gabelli initiated coverage on Sony in a report on Thursday, October 24th. They set a “buy” rating and a $92.00 target price on the stock. UBS Group raised Sony from a “neutral” rating to a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Sony currently has a consensus rating of “Buy” and a consensus price target of $60.74.
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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