KEYWISE CAPITAL MANAGEMENT Ltd boosted its position in shares of Sony Corp (NYSE:SNE) by 79.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,000 shares of the company’s stock after buying an additional 5,300 shares during the period. Sony Corp comprises approximately 0.3% of KEYWISE CAPITAL MANAGEMENT Ltd’s investment portfolio, making the stock its 16th largest position. KEYWISE CAPITAL MANAGEMENT Ltd’s holdings in Sony Corp were worth $458,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its stake in shares of Sony Corp by 40.7% in the first quarter. Eqis Capital Management Inc. now owns 18,311 shares of the company’s stock valued at $618,000 after buying an additional 5,298 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Sony Corp by 25.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 13,289 shares of the company’s stock valued at $448,000 after buying an additional 2,678 shares in the last quarter. Greenleaf Trust bought a new stake in shares of Sony Corp during the first quarter valued at approximately $358,000. Wetherby Asset Management Inc. raised its stake in shares of Sony Corp by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 24,234 shares of the company’s stock valued at $817,000 after buying an additional 415 shares in the last quarter. Finally, Waldron LP bought a new stake in shares of Sony Corp during the first quarter valued at approximately $1,052,000. Institutional investors and hedge funds own 6.96% of the company’s stock.
Sony Corp (SNE) traded up 0.31% during trading on Friday, reaching $39.00. The company’s stock had a trading volume of 471,045 shares. The company’s 50 day moving average price is $39.59 and its 200-day moving average price is $34.97. The stock has a market cap of $49.26 billion, a P/E ratio of 41.76 and a beta of 1.73. Sony Corp has a 1-year low of $27.72 and a 1-year high of $41.65.
Sony Corp (NYSE:SNE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp had a return on equity of 12.75% and a net margin of 5.08%. The company had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter last year, the company posted $16.44 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Sony Corp will post $2.18 earnings per share for the current fiscal year.
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Several brokerages recently commented on SNE. Zacks Investment Research raised Sony Corp from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.74 price target on shares of Sony Corp in a research note on Thursday, August 3rd. BidaskClub lowered Sony Corp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Sony Corp in a research note on Monday, May 1st. Finally, Sanford C. Bernstein began coverage on Sony Corp in a research note on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 price target on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $42.31.
Sony Corp Company Profile
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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