Key Points
- Sony insider Tsuyoshi Kodera sold 51,000 shares on June 17 at an average price of $20.54, totaling about $1.05 million. The sale cut his direct ownership by roughly 65%.
- Sony’s latest quarterly earnings missed EPS expectations, reporting $0.09 per share versus the $0.22 consensus estimate, even though revenue came in above estimates at $19.15 billion and rose 8.3% year over year.
- Analysts are mixed on Sony: the stock currently has a consensus Hold rating and an average target price of $22.00, while recent headlines point to both positives in imaging, gaming and film, and caution from insider selling.
Sony Corporation (NYSE:SONY - Get Free Report) insider Tsuyoshi Kodera sold 51,000 shares of Sony stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $20.54, for a total value of $1,047,540.00. Following the transaction, the insider directly owned 27,553 shares of the company's stock, valued at approximately $565,938.62. The trade was a 64.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Tsuyoshi Kodera also recently made the following trade(s):
- On Monday, May 18th, Tsuyoshi Kodera sold 17,500 shares of Sony stock. The stock was sold at an average price of $22.61, for a total transaction of $395,675.00.
Sony Stock Performance
Shares of NYSE:SONY opened at $20.34 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.18. The firm has a market cap of $120.14 billion, a PE ratio of -101.67, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. Sony Corporation has a twelve month low of $19.63 and a twelve month high of $30.34. The business has a fifty day moving average of $21.34 and a 200-day moving average of $22.71.
Sony (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.13). Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same quarter in the previous year, the business posted $32.86 earnings per share. The firm's quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Sony Corporation will post 1.28 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SONY. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sony in a report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Finally, Benchmark reissued a "buy" rating on shares of Sony in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.00.
Get Our Latest Analysis on Sony
Trending Headlines about Sony
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony’s imaging business drew attention after it announced the LYTIA L910, its first mobile camera sensor using LOFIC architecture, which could strengthen its position in premium smartphone cameras. Sony's latest camera sensor could let your next phone take the ultimate sunset photos
- Positive Sentiment: Sony Pictures also has upcoming content momentum, including a partnership tied to the global theatrical release of Greta Gerwig’s Narnia: The Magician’s Nephew and a SCREENX version of Spider-Man: Brand New Day, both of which support its entertainment pipeline. Sony partners with Netflix for the global theatrical release of Greta Gerwig’s ‘Narnia: The Magician’s Nephew’
- Positive Sentiment: Several reports highlighted Sony’s PlayStation and gaming innovation, including a new controller patent and commentary that Sony’s gaming strategy remains stronger than Xbox’s, which may reinforce confidence in the gaming segment. Xbox’s Recent Moves Demonstrate A ‘Basic Misunderstanding’ Of The Industry, Former Sony Gaming Boss Says
- Neutral Sentiment: Sony also received visibility for consumer electronics and channel-partner awards, plus favorable product reviews for its Bravia 3 II TV and headphone promotions, but these headlines are unlikely to move the stock on their own. Sony Electronics' Professional Display Solutions Announces Winners of Annual Sony AV Partner Awards
- Negative Sentiment: Insider selling weighed on sentiment after Sony insider Tsuyoshi Kodera sold 51,000 shares at an average price of $20.54, reducing his position by about 65%; investors often view this as a cautious signal even if it does not indicate a business problem. SEC filing for insider sale
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Rathbones Group PLC increased its position in shares of Sony by 5.1% during the 1st quarter. Rathbones Group PLC now owns 206,337 shares of the company's stock worth $4,271,000 after purchasing an additional 10,062 shares during the last quarter. Parallel Advisors LLC increased its holdings in Sony by 10.8% during the first quarter. Parallel Advisors LLC now owns 36,255 shares of the company's stock worth $750,000 after buying an additional 3,520 shares during the last quarter. NewEdge Advisors LLC raised its position in Sony by 10.2% during the first quarter. NewEdge Advisors LLC now owns 72,116 shares of the company's stock worth $1,493,000 after acquiring an additional 6,651 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Sony by 25.3% in the 1st quarter. Glenmede Trust Co. NA now owns 67,834 shares of the company's stock valued at $1,404,000 after purchasing an additional 13,689 shares during the last quarter. Finally, Summitry LLC grew its holdings in Sony by 5.4% during the first quarter. Summitry LLC now owns 21,420 shares of the company's stock worth $443,000 after purchasing an additional 1,102 shares during the period. 14.05% of the stock is currently owned by institutional investors.
Sony Company Profile
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Get Free Report)
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
Further Reading
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