Jaffetilchin Investment Partners LLC lessened its stake in shares of Sony Corp Ord (NYSE:SNE) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,886 shares of the company’s stock after selling 1,198 shares during the period. Jaffetilchin Investment Partners LLC owned 1,020.16% of Sony Corp Ord worth $481,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in Sony Corp Ord by 5.6% during the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after purchasing an additional 139 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Sony Corp Ord during the second quarter valued at approximately $119,000. Parallax Volatility Advisers L.P. grew its holdings in Sony Corp Ord by 206.3% during the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock valued at $166,000 after purchasing an additional 8,451 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Sony Corp Ord in the second quarter worth $201,000. Finally, Opes Advisors Inc acquired a new stake in shares of Sony Corp Ord in the second quarter worth $206,000. Institutional investors own 6.55% of the company’s stock.
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Sony Corp Ord (NYSE SNE) opened at $45.89 on Friday. The stock has a market capitalization of $59,960.64, a price-to-earnings ratio of 26.67 and a beta of 1.80. Sony Corp Ord has a twelve month low of $27.72 and a twelve month high of $47.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86.
SNE has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. 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 downgraded shares of Sony Corp Ord from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. 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. Finally, Citigroup Inc. downgraded shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.42.
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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