Millennium Management LLC Has $42.28 Million Stake in Sony Corp (SNE)
Millennium Management LLC trimmed its holdings in shares of Sony Corp (NYSE:SNE) by 27.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 874,727 shares of the company’s stock after selling 335,055 shares during the period. Millennium Management LLC owned approximately 0.07% of Sony worth $42,284,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in shares of Sony by 132.4% during the 4th quarter. Deutsche Bank AG now owns 1,516,484 shares of the company’s stock worth $68,165,000 after acquiring an additional 863,884 shares during the period. Northern Trust Corp lifted its holdings in Sony by 3.3% during the 1st quarter. Northern Trust Corp now owns 1,168,642 shares of the company’s stock valued at $56,492,000 after purchasing an additional 37,824 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Sony by 38.7% during the 1st quarter. Wells Fargo & Company MN now owns 815,507 shares of the company’s stock valued at $39,421,000 after purchasing an additional 227,596 shares during the last quarter. Aperio Group LLC lifted its holdings in Sony by 4.5% during the 1st quarter. Aperio Group LLC now owns 727,422 shares of the company’s stock valued at $35,164,000 after purchasing an additional 31,593 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. bought a new position in Sony during the 1st quarter valued at about $35,057,000. 6.87% of the stock is owned by institutional investors.
Shares of Sony opened at $50.37 on Friday, MarketBeat.com reports. Sony Corp has a 12-month low of $36.25 and a 12-month high of $53.91. The stock has a market cap of $62.19 billion, a P/E ratio of 15.31, a PEG ratio of 2.54 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.17.
Several equities analysts recently issued reports on SNE shares. UBS Group downgraded shares of Sony from a “buy” rating to a “neutral” rating in a report on Monday, May 7th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $85.29 price target on shares of Sony in a report on Monday, April 16th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Sony currently has an average rating of “Hold” and a consensus target price of $59.07.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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