KEYWISE CAPITAL MANAGEMENT Ltd raised its stake in Sony Corp Ord (NYSE:SNE) by 79.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the company’s stock after buying an additional 5,300 shares during the period. Sony Corp Ord comprises about 0.3% of KEYWISE CAPITAL MANAGEMENT Ltd’s portfolio, making the stock its 16th largest position. KEYWISE CAPITAL MANAGEMENT Ltd’s holdings in Sony Corp Ord were worth $458,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of SNE. NGAM Advisors L.P. raised its stake in Sony Corp Ord by 2.1% in the second quarter. NGAM Advisors L.P. now owns 164,799 shares of the company’s stock valued at $6,294,000 after buying an additional 3,426 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Sony Corp Ord by 38.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 239,510 shares of the company’s stock valued at $9,147,000 after buying an additional 66,375 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Sony Corp Ord during the second quarter valued at approximately $268,000. Greenleaf Trust raised its stake in Sony Corp Ord by 1.9% in the second quarter. Greenleaf Trust now owns 10,822 shares of the company’s stock valued at $413,000 after buying an additional 197 shares during the last quarter. Finally, US Bancorp DE raised its stake in Sony Corp Ord by 5.5% in the second quarter. US Bancorp DE now owns 105,642 shares of the company’s stock valued at $4,034,000 after buying an additional 5,510 shares during the last quarter. 6.94% of the stock is currently owned by institutional investors and hedge funds.
Sony Corp Ord (NYSE SNE) opened at 38.77 on Friday. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65. The firm has a 50-day moving average of $39.67 and a 200 day moving average of $35.34. The stock has a market capitalization of $48.97 billion, a PE ratio of 41.38 and a beta of 1.73.
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Several research firms recently commented on SNE. Zacks Investment Research raised shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st. Finally, Sanford C. Bernstein started coverage on shares of Sony Corp Ord in a report on Tuesday, April 25th. They issued an “outperform” rating and a $41.00 target price for the company. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.31.
Sony Corp Ord 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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