Sony Corp (SNE) Holder Soroban Capital Partners LP Has Lifted Position by $18.22 Million as Stock Price Declined

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Soroban Capital Partners Lp increased its stake in Sony Corp (SNE) by 24.87% based on its latest 2018Q4 regulatory filing with the SEC. Soroban Capital Partners Lp bought 379,554 shares as the company’s stock declined 10.00% while stock markets rallied. The hedge fund held 1.91 million shares of the consumer electronics and appliances company at the end of 2018Q4, valued at $92.01M, up from 1.53 million at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Sony Corp for a number of months, seems to be bullish on the $59.80 billion market cap company. The stock decreased 1.34% or $0.65 during the last trading session, reaching $47.88. About 361,352 shares traded. Sony Corporation (NYSE:SNE) has declined 2.26% since May 31, 2018 and is downtrending. It has underperformed by 6.63% the S&P500.

Soroban Capital Partners Lp, which manages about $10.82 billion and $4.77 billion US Long portfolio, decreased its stake in Alphabet Inc by 193,360 shares to 248,670 shares, valued at $257.53M in 2018Q4, according to the filing. It also reduced its holding in Plains All Amern Pipeline L (Call) (NYSE:PAA) by 704,000 shares in the quarter, leaving it with 546,000 shares, and cut its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

More notable recent Sony Corporation (NYSE:SNE) news were published by: Investorplace.com which released: “5 Large-Cap Stocks Holding Steady Amid Trade War Concerns – Investorplace.com” on May 20, 2019, also Seekingalpha.com with their article: “Sony -8% after FQ3 results fall short – Seeking Alpha” published on February 01, 2019, Seekingalpha.com published: “Software strength drives narrow gain in April videogame sales – Seeking Alpha” on May 21, 2019. More interesting news about Sony Corporation (NYSE:SNE) were released by: Fool.com and their article: “A Foolish Take: Gamers Prefer Smartphones Over PCs and Gaming Consoles – Motley Fool” published on May 06, 2019 as well as Investorplace.com‘s news article titled: “The Real Reason Microsoft Stock Stands Out Among Other Big Tech Names – Investorplace.com” with publication date: May 24, 2019.

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