Handelsbanken Fonder AB raised its stake in Sonos, Inc. (NASDAQ:SONO – Get Rating) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,000 shares of the company’s stock after purchasing an additional 4,100 shares during the period. Handelsbanken Fonder AB’s holdings in Sonos were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SONO. Ameritas Investment Partners Inc. lifted its holdings in shares of Sonos by 5.5% during the first quarter. Ameritas Investment Partners Inc. now owns 9,948 shares of the company’s stock worth $281,000 after purchasing an additional 519 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Sonos by 74.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock valued at $25,000 after buying an additional 777 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of Sonos by 23.4% in the 1st quarter. Centaurus Financial Inc. now owns 4,481 shares of the company’s stock valued at $126,000 after purchasing an additional 849 shares during the last quarter. Bard Financial Services Inc. lifted its stake in Sonos by 8.4% during the 4th quarter. Bard Financial Services Inc. now owns 11,250 shares of the company’s stock worth $190,000 after acquiring an additional 875 shares in the last quarter. Finally, Brinker Capital Investments LLC raised its position in Sonos by 8.8% in the 4th quarter. Brinker Capital Investments LLC now owns 10,918 shares of the company’s stock valued at $185,000 after purchasing an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 85.64% of the company’s stock.
Sonos Price Performance
Shares of SONO opened at $21.61 on Friday. Sonos, Inc. has a 12 month low of $13.65 and a 12 month high of $24.56. The stock’s 50-day moving average is $19.97 and its two-hundred day moving average is $18.46. The stock has a market cap of $2.75 billion, a PE ratio of 166.24, a P/E/G ratio of 12.24 and a beta of 1.85.
Sonos (NASDAQ:SONO – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.24. Sonos had a return on equity of 3.04% and a net margin of 1.08%. The business had revenue of $672.58 million for the quarter, compared to analysts’ expectations of $602.33 million. On average, research analysts anticipate that Sonos, Inc. will post 0.3 earnings per share for the current year.
Analyst Ratings Changes
Separately, Morgan Stanley raised their price target on Sonos from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 9th.
Insider Transactions at Sonos
In other news, insider Nicholas Millington sold 41,898 shares of Sonos stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $20.13, for a total value of $843,406.74. Following the transaction, the insider now directly owns 294,583 shares in the company, valued at $5,929,955.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joanna Coles sold 5,430 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $20.55, for a total value of $111,586.50. Following the completion of the transaction, the director now directly owns 15,667 shares of the company’s stock, valued at approximately $321,956.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicholas Millington sold 41,898 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $20.13, for a total transaction of $843,406.74. Following the completion of the sale, the insider now directly owns 294,583 shares in the company, valued at $5,929,955.79. The disclosure for this sale can be found here. Insiders sold a total of 75,150 shares of company stock valued at $1,511,771 over the last quarter. Company insiders own 3.13% of the company’s stock.
About Sonos
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Sonos, Inc engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A.
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