Sony Corp (SNE) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in Sony Corp (NYSE:SNE) by 12.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 153,112 shares of the company’s stock after selling 20,962 shares during the quarter. US Bancorp DE’s holdings in Sony were worth $9,286,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SNE. Boston Partners purchased a new stake in Sony in the 2nd quarter worth $71,195,000. KEYWISE CAPITAL MANAGEMENT Ltd lifted its stake in Sony by 966.3% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 844,500 shares of the company’s stock worth $51,219,000 after purchasing an additional 765,300 shares in the last quarter. Bank of America Corp DE lifted its stake in Sony by 20.8% in the 2nd quarter. Bank of America Corp DE now owns 4,111,969 shares of the company’s stock worth $210,780,000 after purchasing an additional 709,208 shares in the last quarter. LMR Partners LLP purchased a new stake in Sony in the 2nd quarter worth $21,785,000. Finally, Nomura Holdings Inc. lifted its stake in Sony by 1,350.9% in the 2nd quarter. Nomura Holdings Inc. now owns 294,969 shares of the company’s stock worth $10,923,000 after purchasing an additional 318,549 shares in the last quarter. Institutional investors and hedge funds own 7.70% of the company’s stock.

Sony stock opened at $54.07 on Friday. Sony Corp has a twelve month low of $44.37 and a twelve month high of $61.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 0.92. The stock has a market capitalization of $69.82 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63.

Several analysts have commented on SNE shares. Zacks Investment Research upgraded shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 price target on the stock in a research note on Friday, August 3rd. Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Sony in a report on Friday, October 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $74.15.

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Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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