Sony Corp (SNE) Stake Lowered by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its stake in Sony Corp (NYSE:SNE) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,247 shares of the company’s stock after selling 7,100 shares during the quarter. Altshuler Shaham Ltd’s holdings in Sony were worth $3,411,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SNE. Bank of New York Mellon Corp increased its stake in shares of Sony by 639.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock valued at $109,636,000 after acquiring an additional 1,563,202 shares during the last quarter. Boston Partners bought a new stake in shares of Sony in the 2nd quarter valued at about $71,195,000. KEYWISE CAPITAL MANAGEMENT Ltd increased its stake in shares of Sony by 966.3% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 844,500 shares of the company’s stock valued at $51,219,000 after acquiring an additional 765,300 shares during the last quarter. Bank of America Corp DE increased its stake in Sony by 20.8% during 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. Finally, LMR Partners LLP bought a new stake in Sony during the 2nd quarter worth approximately $21,785,000. 7.66% of the stock is owned by institutional investors.

NYSE SNE opened at $49.69 on Friday. Sony Corp has a 52-week low of $44.37 and a 52-week high of $61.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.79. The company has a market cap of $63.83 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.11 and a beta of 1.63.

Sony (NYSE:SNE) last posted its earnings results on Tuesday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. Sony had a return on equity of 17.19% and a net margin of 7.70%. The business had revenue of $19.58 billion during the quarter. As a group, sell-side analysts expect that Sony Corp will post 4.54 earnings per share for the current year.

A number of analysts recently issued reports on SNE shares. Piper Jaffray Companies reissued an “overweight” rating on shares of Sony in a research note on Friday, October 19th. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a research note on Monday, September 10th. Zacks Investment Research cut Sony from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, ValuEngine cut Sony from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $74.15.

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About Sony

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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