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

February 15, 2018 - By Linda Rogers

 Here's how analysts see Sotheby's (NYSE:BID) after this past week.
Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.11, from 0.83 in 2017Q2. It dropped, 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.
Metropolitan Life Communication New York reported 59,980 shares stake. Quantbot Techs L P has 0.07% invested in Sotheby's (NYSE:BID) for 15,262 shares. Moreover, Ing Groep Nv has 0% invested in Sotheby's (NYSE:BID) for 4,580 shares. Employees Retirement Of Ohio accumulated 0% or 18,243 shares. Intll Group invested in 0.02% or 102,056 shares. Conestoga Capital Advsr Limited Liability Corp reported 1.65% in Sotheby's (NYSE:BID). Amalgamated State Bank stated it has 0.01% in Sotheby's (NYSE:BID). Moreover, Meeder Asset Management has 0.1% invested in Sotheby's (NYSE:BID). Blackrock invested in 3.87M shares or 0.01% of the stock. The Illinois-based Chicago Equity Ptnrs Ltd Liability Corporation has invested 0.03% in Sotheby's (NYSE:BID). Hexavest Inc reported 1,072 shares. Clal Limited invested 1.67% of its portfolio in Sotheby's (NYSE:BID). Capital Fincl Advisers Limited owns 4,600 shares for 0% of their portfolio. Dimensional Fund L P holds 0.03% or 1.40 million shares in its portfolio. Discovery Cap Management Lc Ct holds 1.12% or 1.02M 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. Stifel Nicolaus maintained the shares of BID in report on Tuesday, November 10 with “Buy” rating. The company was downgraded on Thursday, February 11 by Stifel Nicolaus. As per Thursday, September 3, the company rating was maintained by Williams Capital Group. Cowen & Co maintained it with “Buy” rating and $56.0 target in Thursday, September 28 report. The stock of Sotheby's (NYSE:BID) earned “Buy” rating by Stifel Nicolaus on Friday, December 18. Cowen & Co maintained Sotheby's (NYSE:BID) on Friday, February 2 with “Buy” rating. The firm has “Hold” rating by Standpoint Research given on Thursday, April 14. The rating was upgraded by Cowen & Co to “Outperform” on Friday, December 16. The rating was initiated by Standpoint Research on Wednesday, January 20 with “Buy”. The firm has “Hold” rating given on Thursday, February 11 by Sitfel. 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: “How Sotheby’s Persuaded Clients to Sex Up Their Art” on February 13, 2018, also Bloomberg.com with their article: “Sotheby’s Battles NY Art Dealer Over Keith Haring Winning Bid” published on February 05, 2018, Barrons.com published: “A 1953 Ferrari Leads RM Sotheby’s Paris Auction” on February 06, 2018. More interesting news about Sotheby's (NYSE:BID) were released by: Globenewswire.com and their article: “Sotheby’s Fourth Quarter 2017 Earnings Conference Call Invitation” published on February 15, 2018 as well as Barrons.com‘s news article titled: “Sotheby’s Buys Online Antique and Vintage Furniture Retailer Viyet” with publication date: February 13, 2018.

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