Congress Asset Management Co. MA maintained its stake in Sony Corp Ord (NYSE:SNE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,750 shares of the company’s stock at the end of the second quarter. Congress Asset Management Co. MA’s holdings in Sony Corp Ord were worth $487,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Sony Corp Ord during the first quarter worth approximately $151,000. O Shaughnessy Asset Management LLC increased its stake in Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after buying an additional 53 shares during the period. Quadrant Capital Group LLC increased its stake in Sony Corp Ord by 154.9% in the first quarter. Quadrant Capital Group LLC now owns 6,195 shares of the company’s stock worth $198,000 after buying an additional 3,765 shares during the last quarter. Eastern Bank acquired a new stake in Sony Corp Ord during the first quarter worth approximately $202,000. Finally, Raymond James Trust N.A. acquired a new stake in Sony Corp Ord during the first quarter worth approximately $205,000. Institutional investors own 6.94% of the company’s stock.
Sony Corp Ord (NYSE SNE) opened at 38.77 on Friday. The stock has a market capitalization of $48.97 billion, a P/E ratio of 41.38 and a beta of 1.73. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The company’s 50-day moving average is $39.67 and its 200-day moving average is $35.34.
Sony Corp Ord (NYSE:SNE) last issued its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The company had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. During the same period in the prior year, the firm earned $16.44 earnings per share. Sony Corp Ord’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts anticipate that Sony Corp Ord will post $2.18 earnings per share for the current year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $45.74 target price on shares of Sony Corp Ord in a report on Thursday, August 3rd. BidaskClub raised shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Sony Corp Ord in a research report on Monday, May 1st. Finally, Sanford C. Bernstein started coverage on shares of Sony Corp Ord in a research report on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Sony Corp Ord currently has an average rating of “Buy” and an average price target of $42.31.
About Sony Corp Ord
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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