Out of 4 analysts covering Sotheby’s (NYSE:BID), 0 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 0% are positive. Sotheby’s was the topic in 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Below is a list of Sothebys (NYSE:BID) latest ratings and price target changes.
26/02/2016 Broker: Barrington Research Old Rating: Outperform New Rating: Mkt Perform Downgrade
11/02/2016 Broker: Sitfel Old Rating: Buy New Rating: Hold Downgrade
11/02/2016 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
21/01/2016 Broker: Goldman Sachs Rating: Neutral Old Target: $29.00 New Target: $25.00 Target Down
20/01/2016 Broker: Standpoint Research Rating: Buy Initiate
12/01/2016 Broker: Craig Hallum Rating: Hold New Target: $26.00 Target Down
18/12/2015 Broker: Stifel Nicolaus Rating: Buy Old Target: $38 New Target: $30 Maintain
10/11/2015 Broker: Craig Hallum Rating: Hold New Target: $34.00 Target Down
10/11/2015 Broker: Stifel Nicolaus Rating: Buy Old Target: $50 New Target: $38 Maintain
About 308,068 shares traded hands. Sothebys (NYSE:BID) has declined 31.77% since August 20, 2015 and is downtrending. It has underperformed by 31.83% the S&P500.
Sotheby’s is a global art business company. The company has a market cap of $1.53 billion. The Firm operates in three divisions: Agency, Principal and Finance. It has 39.8 P/E ratio. The Company’s Agency segment accepts property on consignment, stimulates buyer interest through professional marketing techniques, and matches sellers to buyers through the auction or private sale process.
The institutional sentiment decreased to 1.04 in 2015 Q3. Its down 0.03, from 1.07 in 2015Q2. The ratio dived, as 37 funds sold all Sothebys shares owned while 77 reduced positions. 31 funds bought stakes while 87 increased positions. They now own 67.80 million shares or 6.59% less from 72.58 million shares in 2015Q2.
Marcato Capital Management Lp holds 10.55% of its portfolio in Sothebys for 6.57 million shares. Jericho Capital Asset Management L.P. owns 2.32 million shares or 4.62% of their US portfolio. Moreover, Villere St Denis J & Co Llc has 4.56% invested in the company for 2.69 million shares. The New York-based Kerrisdale Advisers Llc has invested 4.31% in the stock. Silver Capital Management Llc, a New York-based fund reported 12,163 shares.
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