Here’s how analysts see Sotheby's (NYSE:BID) after this past week.

February 15, 2018 - By Ellis Scott

 Here's how analysts see Sotheby's (NYSE:BID) after this past week.
Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.11, from 0.83 in 2017Q2. It is negative, as 30 investors sold Sotheby's shares while 77 reduced holdings. 26 funds opened positions while 51 raised stakes. 47.51 million shares or 2.32% more from 46.43 million shares in 2017Q2 were reported.
First Trust Ltd Partnership holds 0.01% or 45,251 shares. 104 were accumulated by Weaver C Barksdale Assoc. Northern Trust stated it has 0.01% in Sotheby's (NYSE:BID). Neuberger Berman Gru Ltd Liability Company reported 115,190 shares or 0.01% of all its holdings. Adams Diversified Equity Fund Incorporated holds 0.05% or 20,600 shares. 4.05M were accumulated by Vanguard. Hexavest invested in 0% or 1,072 shares. Diker Mngmt Ltd Liability Company holds 2.6% of its portfolio in Sotheby's (NYSE:BID) for 140,000 shares. Public Employees Retirement Of Ohio owns 18,243 shares for 0% of their portfolio. Swiss Natl Bank has invested 0% in Sotheby's (NYSE:BID). 653,803 are owned by Pinnacle. Ing Groep Nv invested in 0% or 4,580 shares. Quantbot Tech L P holds 15,262 shares or 0.07% of its portfolio. Griffin Asset Mngmt stated it has 8,000 shares or 0.07% of all its holdings. Connor Clark Lunn Management Limited reported 11,675 shares.

Sotheby's (NYSE:BID) Ratings Coverage

Among 10 analysts covering Sotheby’s (NYSE:BID), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Sotheby’s had 17 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Friday, February 2. Sitfel downgraded the shares of BID in report on Thursday, February 11 to “Hold” rating. The firm has “Buy” rating given on Friday, November 3 by Cowen & Co. The stock of Sotheby's (NYSE:BID) has “Buy” rating given on Wednesday, January 20 by Standpoint Research. Barrington Research downgraded the shares of BID in report on Friday, February 26 to “Mkt Perform” rating. The rating was downgraded by TheStreet on Tuesday, July 28 to “Hold”. The firm has “Hold” rating given on Thursday, April 14 by Standpoint Research. Cowen & Co upgraded Sotheby's (NYSE:BID) rating on Friday, December 16. Cowen & Co has “Outperform” rating and $45 target. The firm has “Buy” rating given on Thursday, September 28 by Cowen & Co. The stock has “Buy” rating by Stifel Nicolaus on Friday, December 18. Below is a list of Sotheby's (NYSE:BID) latest ratings and price target changes.

02/02/2018 Broker: Cowen & Co Rating: Buy New Target: $61.0 Maintain
03/11/2017 Broker: Cowen & Co Rating: Buy New Target: $56.0 Maintain
30/10/2017 Broker: Aegis Capital Rating: Buy New Target: $60 Initiates Coverage On
28/09/2017 Broker: Cowen & Co Rating: Buy New Target: $56.0 Maintain

The stock decreased 0.42% or $0.2 during the last trading session, reaching $47.24. About 135,357 shares traded. Sotheby's (NYSE:BID) has risen 78.16% since February 15, 2017 and is uptrending. It has outperformed by 61.46% the S&P500.

SothebyÂ’s operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company has market cap of $2.48 billion. The firm operates through two divisions, Agency and Finance. It has a 23.66 P/E ratio. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine, and collectibles through the auction or private sale process.

More notable recent Sotheby's (NYSE:BID) news were published by: Bloomberg.com which released: “Sotheby’s Battles NY Art Dealer Over Keith Haring Winning Bid” on February 05, 2018, also Globenewswire.com with their article: “Sotheby’s Fourth Quarter 2017 Earnings Conference Call Invitation” published on February 15, 2018, Bloomberg.com published: “How Sotheby’s Persuaded Clients to Sex Up Their Art” on February 13, 2018. More interesting news about Sotheby's (NYSE:BID) were released by: Barrons.com and their article: “Sotheby’s Buys Online Antique and Vintage Furniture Retailer Viyet” published on February 13, 2018 as well as Barrons.com‘s news article titled: “A 1953 Ferrari Leads RM Sotheby’s Paris Auction” with publication date: February 06, 2018.

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