Sony Corp (SNE) Stake Decreased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its holdings in Sony Corp (NYSE:SNE) by 16.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,042 shares of the company’s stock after selling 1,603 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sony were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SNE. Ameriprise Financial Inc. lifted its position in Sony by 256.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,018,618 shares of the company’s stock worth $37,772,000 after acquiring an additional 732,847 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sony by 56.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,770,826 shares of the company’s stock valued at $67,628,000 after buying an additional 636,926 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sony by 68.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,379,352 shares of the company’s stock valued at $51,505,000 after buying an additional 562,627 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Sony during the 3rd quarter valued at about $16,993,000. Finally, Conatus Capital Management LP purchased a new position in shares of Sony during the 2nd quarter valued at about $13,837,000. 6.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Sony Corp (NYSE SNE) traded down $0.89 during trading on Tuesday, hitting $44.90. The company had a trading volume of 950,700 shares, compared to its average volume of 857,173. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. Sony Corp has a 1 year low of $27.91 and a 1 year high of $48.33. The stock has a market cap of $57,858.28, a price-to-earnings ratio of 25.73 and a beta of 1.78.

SNE has been the subject of a number of recent research reports. Citigroup lowered Sony from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Credit Suisse Group lowered Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Morgan Stanley lowered Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Jefferies Group restated a “buy” rating and issued a $45.74 price target on shares of Sony in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered Sony from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.94.

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Sony 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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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