Shares of Sotheby’s (NYSE:BID) traded up 4.8% on Monday . The company traded as high as $29.83 and last traded at $29.41, with a volume of 1,432,394 shares. The stock had previously closed at $28.06.

A number of analysts have recently weighed in on the stock. Standpoint Research cut shares of Sotheby’s from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Zacks Investment Research cut shares of Sotheby’s from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.20.

The company has a market cap of $1.74 billion and a price-to-earnings ratio of 160.784. The stock has a 50-day moving average price of $28.82 and a 200 day moving average price of $26.27.

Sotheby’s (NYSE:BID) last posted its earnings results on Monday, May 9th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.12. The company earned $106.53 million during the quarter, compared to analyst estimates of $124.54 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was down 31.6% compared to the same quarter last year. On average, equities research analysts expect that Sotheby’s will post $1.70 EPS for the current fiscal year.

In other Sotheby’s news, Director Dennis M. Weibling purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $27.52 per share, with a total value of $110,080.00. Following the purchase, the director now directly owns 69,000 shares of the company’s stock, valued at $1,898,880. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis M. Weibling purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were acquired at an average cost of $28.03 per share, with a total value of $56,060.00. Following the completion of the purchase, the director now directly owns 77,000 shares in the company, valued at $2,158,310. The disclosure for this purchase can be found here.

Other institutional investors have modified their holdings of the company. Sei Investments Co. boosted its position in shares of Sotheby’s by 2.5% in the fourth quarter. Sei Investments Co. now owns 54,903 shares of the company’s stock valued at $1,414,000 after buying an additional 1,349 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Sotheby’s during the fourth quarter valued at $1,422,000. Engineers Gate Manager LP boosted its position in shares of Sotheby’s by 714.2% in the fourth quarter. Engineers Gate Manager LP now owns 55,364 shares of the company’s stock valued at $1,426,000 after buying an additional 48,564 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Sotheby’s by 6.4% in the fourth quarter. New York State Common Retirement Fund now owns 71,832 shares of the company’s stock valued at $1,850,000 after buying an additional 4,300 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Sotheby’s by 2.6% in the fourth quarter. Rhumbline Advisers now owns 115,575 shares of the company’s stock valued at $2,977,000 after buying an additional 2,975 shares in the last quarter.

Sotheby’s is a global art business company. The Company operates in three segments: Agency, Principal and Finance. The Company’s Agency segment accepts property on consignment, stimulates buyer interest through professional marketing techniques, and matches sellers (also known as consignors) to buyers through the auction or private sale process.

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