William Blair Investment Management LLC Takes Position in Sony Corp Ord (SNE)
William Blair Investment Management LLC purchased a new position in shares of Sony Corp Ord (NYSE:SNE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 71,972 shares of the company’s stock, valued at approximately $2,749,000.
Several other hedge funds have also recently made changes to their positions in the stock. Blair William & Co. IL raised its stake in shares of Sony Corp Ord by 106.6% in the second quarter. Blair William & Co. IL now owns 14,634 shares of the company’s stock worth $559,000 after buying an additional 7,551 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Sony Corp Ord during the second quarter worth approximately $235,000. Gamco Investors INC. ET AL raised its stake in shares of Sony Corp Ord by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 5,483,244 shares of the company’s stock worth $209,405,000 after buying an additional 33,900 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sony Corp Ord by 105.6% in the second quarter. Bank of New York Mellon Corp now owns 816,725 shares of the company’s stock worth $31,191,000 after buying an additional 419,493 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after buying an additional 139 shares in the last quarter. 6.54% of the stock is currently owned by hedge funds and other institutional investors.
Sony Corp Ord (NYSE:SNE) opened at 38.50 on Monday. The company has a 50 day moving average price of $39.71 and a 200-day moving average price of $35.60. The firm has a market capitalization of $48.63 billion, a price-to-earnings ratio of 41.09 and a beta of 1.73. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $41.65.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $1,858.10 billion for the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $16.44 earnings per share. On average, analysts forecast that Sony Corp Ord will post $2.18 EPS for the current fiscal year.
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A number of research firms recently commented on SNE. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Zacks Investment Research raised 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. BidaskClub lowered Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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