Lindbrook Capital LLC Grows Stock Holdings in Sony Corp (NYSE:SNE)

Lindbrook Capital LLC raised its position in Sony Corp (NYSE:SNE) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,312 shares of the company’s stock after acquiring an additional 237 shares during the quarter. Lindbrook Capital LLC’s holdings in Sony were worth $173,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Sony by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,786 shares of the company’s stock valued at $27,316,000 after buying an additional 2,300 shares during the period. Geode Capital Management LLC boosted its position in shares of Sony by 18.0% in the 4th quarter. Geode Capital Management LLC now owns 20,760 shares of the company’s stock worth $1,001,000 after purchasing an additional 3,161 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Sony in the 4th quarter worth $469,000. First Allied Advisory Services Inc. boosted its position in shares of Sony by 14.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 5,685 shares of the company’s stock worth $274,000 after purchasing an additional 708 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sony in the 4th quarter worth $5,197,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

NYSE:SNE opened at $54.98 on Friday. Sony Corp has a 12-month low of $41.91 and a 12-month high of $61.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.76. The company has a market cap of $69.47 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.93 and a beta of 1.41. The business has a fifty day moving average of $54.05.

SNE has been the topic of several recent research reports. Macquarie upgraded Sony from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 23rd. ValuEngine upgraded Sony from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group upgraded Sony from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.32.

Sony Company Profile

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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