Maverick Capital Ltd. grew its holdings in Sothebys (NYSE:BID) by 53.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,890 shares of the specialty retailer’s stock after purchasing an additional 37,416 shares during the period. Maverick Capital Ltd.’s holdings in Sothebys were worth $5,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evanson Asset Management LLC bought a new stake in Sothebys during the 4th quarter worth approximately $203,000. Eaton Vance Management bought a new stake in Sothebys during the 4th quarter worth approximately $207,000. US Bancorp DE increased its holdings in Sothebys by 55.4% during the 4th quarter. US Bancorp DE now owns 4,251 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 1,516 shares during the period. Wright Investors Service Inc. bought a new stake in Sothebys during the 4th quarter worth approximately $232,000. Finally, Yorktown Management & Research Co Inc bought a new stake in Sothebys during the 3rd quarter worth approximately $233,000. 94.01% of the stock is currently owned by institutional investors.

Sothebys (NYSE BID) opened at $51.00 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.73 and a debt-to-equity ratio of 1.91. Sothebys has a 12 month low of $42.78 and a 12 month high of $57.95. The company has a market cap of $2,677.65, a P/E ratio of 23.18 and a beta of 1.86.

Sothebys (NYSE:BID) last released its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. Sothebys had a net margin of 12.01% and a return on equity of 23.38%. The business had revenue of $315.56 million during the quarter, compared to analysts’ expectations of $306.70 million. During the same quarter in the previous year, the company earned $1.35 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. sell-side analysts expect that Sothebys will post 2.45 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Cowen reaffirmed a “buy” rating and set a $63.00 target price on shares of Sothebys in a report on Friday. Zacks Investment Research raised shares of Sothebys from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, February 5th. Finally, TheStreet lowered shares of Sothebys from a “b” rating to a “c+” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.00.

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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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