Key Points
- Sony insider Kenji Tanaka sold 20,000 shares at an average price of $23.83, generating approximately $476,600 and reducing his direct ownership by 31.3% to 43,899 shares.
- Sony’s latest quarterly results exceeded expectations, with EPS of $0.36 versus the $0.28 consensus and revenue of $17.45 billion, up 8.2% year over year.
- Analysts maintain a broadly positive outlook, with Sony carrying a “Moderate Buy” consensus rating, although its $22 average target price is below the reported $23.52 opening price.
Sony Corporation (NYSE:SONY - Get Free Report) insider Kenji Tanaka sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $23.83, for a total value of $476,600.00. Following the completion of the sale, the insider directly owned 43,899 shares of the company's stock, valued at $1,046,113.17. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sony Stock Up 0.4%
Sony stock opened at $23.52 on Thursday. The stock's 50 day moving average price is $21.53 and its 200 day moving average price is $21.53. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34. The company has a market cap of $138.93 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 0.97.
Sony (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Saturday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The firm had revenue of $17.45 billion during the quarter, compared to analysts' expectations of $17.17 billion. During the same quarter in the prior year, the business posted $42.84 earnings per share. Sony's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that Sony Corporation will post 1.41 EPS for the current fiscal year.
Key Sony News
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Wall Street commentary remains broadly constructive on Sony, suggesting analysts see potential value in the company’s diversified entertainment, gaming and electronics businesses. However, the report does not identify a new rating or price-target change. Wall Street bullish views on Sony
- Neutral Sentiment: Sony’s reported reboot of its Horizon multiplayer project would shift it away from a more aggressive live-service model toward a traditional cooperative game after reportedly weak player feedback. The change could reduce live-service execution risk, but it also implies added development time and uncertainty around PlayStation software revenue. Horizon multiplayer reboot report
- Neutral Sentiment: Leaked reports point to a possible refresh of Sony’s WH-1000XM4 headphones with an upgraded feature set. Product leaks and discounts on existing headphones and Bravia televisions may support consumer interest, but they are unlikely to materially change near-term earnings expectations. Sony headphone leak
- Negative Sentiment: Sony has not committed to a launch date or price for the PlayStation 6. Reports cite hardware and planning uncertainty, raising concerns about the timing of the next major console cycle and the visibility of future gaming revenue. PlayStation 6 launch uncertainty
- Negative Sentiment: Reports that Sony is delaying its FX5 camera again without a confirmed release date could frustrate professional customers and defer camera-related sales, though the product line is relatively small compared with the company’s gaming and entertainment operations. Sony FX5 delay
- Negative Sentiment: Insider Kenji Tanaka sold 20,000 Sony shares for approximately $476,600, reducing his direct holding by 31.3%. The transaction is not necessarily a business warning, but insider selling can weigh modestly on investor sentiment. Sony insider transaction filing
- Negative Sentiment: Criticism over reduced physical-game and physical-media availability adds to concerns about Sony’s shift toward digital distribution, potentially alienating collectors and some PlayStation customers. PlayStation physical media backlash
Institutional Trading of Sony
A number of institutional investors have recently bought and sold shares of SONY. Fisher Asset Management LLC increased its position in shares of Sony by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company's stock valued at $2,789,929,000 after buying an additional 4,337,062 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Sony by 9.1% in the 1st quarter. Bank of America Corp DE now owns 16,992,579 shares of the company's stock worth $351,746,000 after buying an additional 1,413,785 shares in the last quarter. Capital International Investors boosted its position in shares of Sony by 23.1% in the 4th quarter. Capital International Investors now owns 7,446,889 shares of the company's stock worth $191,534,000 after buying an additional 1,397,271 shares in the last quarter. Royal Bank of Canada grew its stake in Sony by 10.7% in the 4th quarter. Royal Bank of Canada now owns 6,778,922 shares of the company's stock valued at $173,539,000 after acquiring an additional 657,655 shares during the last quarter. Finally, Capital World Investors grew its stake in Sony by 1.5% in the 4th quarter. Capital World Investors now owns 5,076,516 shares of the company's stock valued at $129,973,000 after acquiring an additional 74,768 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on SONY shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sony in a report on Monday. Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Benchmark restated a "buy" rating on shares of Sony in a research report on Monday, August 3rd. Finally, Zacks Research raised shares of Sony from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $22.00.
Read Our Latest Stock Report on Sony
Sony Company Profile
(
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.
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