As Sony Corp (SNE) Share Price Rose, Shareholder Gabelli Funds LLC Decreased Stake by $8.06 Million

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Gabelli Funds Llc decreased its stake in Sony Corp (SNE) by 5.31% based on its latest 2018Q2 regulatory filing with the SEC. Gabelli Funds Llc sold 158,100 shares as the company’s stock rose 15.36% with the market. The institutional investor held 2.82 million shares of the consumer electronics and appliances company at the end of 2018Q2, valued at $144.39M, down from 2.98 million at the end of the previous reported quarter. Gabelli Funds Llc who had been investing in Sony Corp for a number of months, seems to be less bullish one the $68.10B market cap company. The stock increased 1.81% or $0.94 during the last trading session, reaching $52.82. About 809,493 shares traded. Sony Corporation (NYSE:SNE) has risen 43.03% since December 1, 2017 and is uptrending. It has outperformed by 27.41% the S&P500.

Gabelli Funds Llc, which manages about $25.90 billion and $16.88B US Long portfolio, upped its stake in Iac Interactivecorp Com Par $. (NASDAQ:IACI) by 67,400 shares to 211,400 shares, valued at $32.24 million in 2018Q2, according to the filing. It also increased its holding in A T & T Inc (New) (NYSE:T) by 1.12M shares in the quarter, for a total of 1.68 million shares, and has risen its stake in Wgl Hldgs Inc Com (NYSE:WGL).

More notable recent Sony Corporation (NYSE:SNE) news were published by: Fool.com which released: “DHX Media Ltd. Earnings: A Rough-and-Tumble Quarter – Motley Fool” on November 14, 2018, also Seekingalpha.com with their article: “CPI report read-outs – Seeking Alpha” published on November 14, 2018, Benzinga.com published: “26 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga” on November 20, 2018. More interesting news about Sony Corporation (NYSE:SNE) were released by: Globenewswire.com and their article: “Report: Developing Opportunities within General Electric, Arch Capital Group, China Petroleum & Chemical, Alexion Pharmaceuticals, GAIN Capital, and Sony — Future Expectations, Projections Moving into 2018 – GlobeNewswire” published on November 02, 2018 as well as Fool.com‘s news article titled: “Sony’s Winning Streak Continues with a Solid Second Quarter – The Motley Fool” with publication date: November 03, 2018.

Sony Corporation (NYSE:SNE) Ratings Coverage

Among 2 analysts covering Sony (NYSE:SNE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sony had 2 analyst reports since September 10, 2018 according to SRatingsIntel. The company was upgraded on Friday, November 30 by JP Morgan. Credit Suisse upgraded the shares of SNE in report on Monday, September 10 to “Outperform” rating.

Sony Corporation (NYSE:SNE) Ratings Chart

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