Sony Corp Ord (NYSE:SNE) Position Lowered by Sei Investments Co.

Sei Investments Co. cut its position in shares of Sony Corp Ord (NYSE:SNE) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,534 shares of the company’s stock after selling 17,752 shares during the period. Sei Investments Co.’s holdings in Sony Corp Ord were worth $13,082,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Primecap Management Co. CA increased its stake in Sony Corp Ord by 1.1% in the first quarter. Primecap Management Co. CA now owns 44,778,550 shares of the company’s stock worth $1,510,380,000 after buying an additional 495,500 shares during the last quarter. Bank of America Corp DE raised its position in shares of Sony Corp Ord by 28.8% in the first quarter. Bank of America Corp DE now owns 3,200,092 shares of the company’s stock worth $107,939,000 after buying an additional 715,316 shares during the period. Minneapolis Portfolio Management Group LLC raised its position in shares of Sony Corp Ord by 0.5% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 1,207,514 shares of the company’s stock worth $40,729,000 after buying an additional 6,275 shares during the period. Renaissance Technologies LLC raised its position in shares of Sony Corp Ord by 18.6% in the first quarter. Renaissance Technologies LLC now owns 1,133,900 shares of the company’s stock worth $38,246,000 after buying an additional 178,200 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Sony Corp Ord by 11.2% in the first quarter. Parametric Portfolio Associates LLC now owns 668,320 shares of the company’s stock worth $22,542,000 after buying an additional 67,237 shares during the period. Institutional investors own 6.94% of the company’s stock.

Sony Corp Ord (NYSE SNE) traded down 0.59% on Friday, reaching $38.77. 504,788 shares of the company’s stock traded hands. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The firm has a market cap of $48.97 billion, a PE ratio of 41.38 and a beta of 1.73. The firm’s 50-day moving average is $39.67 and its 200 day moving average is $35.34.

Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $16.44 earnings per share. Equities analysts predict that Sony Corp Ord will post $2.18 EPS for the current year.

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A number of brokerages recently issued reports on SNE. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating on shares of Sony Corp Ord in a report on Monday, May 1st. Zacks Investment Research lowered shares of Sony Corp Ord from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co upgraded shares of Sony Corp Ord from a “neutral” rating to an “overweight” rating in a report on Friday, April 21st. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Corp Ord in a report on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target for the company. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company 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.

Institutional Ownership by Quarter for Sony Corp Ord (NYSE:SNE)

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