Dupont Capital Management Corp acquired a new position in Sothebys (NYSE:BID) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,400 shares of the specialty retailer’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RWC Asset Management LLP raised its holdings in Sothebys by 22.5% in the 3rd quarter. RWC Asset Management LLP now owns 657,256 shares of the specialty retailer’s stock worth $30,306,000 after acquiring an additional 120,655 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Sothebys by 236.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 48,421 shares of the specialty retailer’s stock valued at $2,598,000 after buying an additional 34,017 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Sothebys by 22.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 344,247 shares of the specialty retailer’s stock valued at $15,874,000 after buying an additional 62,185 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in Sothebys during the 3rd quarter valued at $950,000. Finally, SG Americas Securities LLC raised its stake in Sothebys by 36.6% during the 3rd quarter. SG Americas Securities LLC now owns 123,060 shares of the specialty retailer’s stock valued at $5,674,000 after buying an additional 32,989 shares during the last quarter. Institutional investors own 92.78% of the company’s stock.

A number of brokerages have weighed in on BID. Aegis began coverage on shares of Sothebys in a research note on Monday, October 30th. They set a “buy” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of Sothebys from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, January 8th. Finally, TheStreet lowered shares of Sothebys from a “b” rating to a “c+” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.25.

Shares of Sothebys (NYSE BID) opened at $46.49 on Friday. The firm has a market cap of $2,522.77, a price-to-earnings ratio of 23.60 and a beta of 1.81. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.62 and a current ratio of 1.73. Sothebys has a 12 month low of $39.42 and a 12 month high of $57.95.

Sothebys (NYSE:BID) last announced its earnings results on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.23. The business had revenue of $171.39 million during the quarter, compared to analyst estimates of $101.14 million. Sothebys had a net margin of 10.95% and a return on equity of 22.48%. The company’s quarterly revenue was up 87.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.78) EPS. equities research analysts predict that Sothebys will post 2.2 earnings per share for the current year.

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Sothebys Company Profile

Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong.

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Institutional Ownership by Quarter for Sothebys (NYSE:BID)

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