Sei Investments Co. Grows Holdings in Sony Corp Ord (SNE)

Sei Investments Co. raised its holdings in shares of Sony Corp Ord (NYSE:SNE) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,006 shares of the company’s stock after purchasing an additional 5,472 shares during the quarter. Sei Investments Co.’s holdings in Sony Corp Ord were worth $12,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SNE. Bank of Montreal Can raised its stake in shares of Sony Corp Ord by 0.3% in the second quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after acquiring an additional 87 shares during the period. Raymond James Trust N.A. raised its stake in shares of Sony Corp Ord by 1.8% in the second quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock valued at $235,000 after acquiring an additional 111 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after acquiring an additional 139 shares during the period. Fiera Capital Corp raised its stake in shares of Sony Corp Ord by 1.8% in the second quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after acquiring an additional 175 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Sony Corp Ord by 1.9% in the second quarter. Greenleaf Trust now owns 10,822 shares of the company’s stock valued at $413,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 6.69% of the company’s stock.

Several equities research analysts have recently weighed in on SNE shares. Morgan Stanley downgraded shares of Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Thursday, August 3rd. Citigroup Inc. downgraded shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and reduced their target price for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Jefferies Group LLC reissued a “buy” rating and issued a $45.74 target price on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Finally, Credit Suisse Group downgraded shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $46.94.

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Shares of Sony Corp Ord (NYSE SNE) opened at $46.17 on Friday. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $47.59. The firm has a market cap of $58,100.00, a PE ratio of 25.87 and a beta of 1.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71.

Sony Corp Ord Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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Institutional Ownership by Quarter for Sony Corp Ord (NYSE:SNE)

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