Keybank National Association OH boosted its stake in Sotheby’s (NYSE:BID) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,300 shares of the company’s stock after buying an additional 10,900 shares during the period. Keybank National Association OH’s holdings in Sotheby’s were worth $1,527,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BID. O Shaughnessy Asset Management LLC raised its stake in Sotheby’s by 148,833.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,468 shares of the company’s stock valued at $178,000 after buying an additional 4,465 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Sotheby’s during the third quarter valued at about $182,000. Sei Investments Co. raised its stake in Sotheby’s by 1.6% in the third quarter. Sei Investments Co. now owns 5,953 shares of the company’s stock valued at $226,000 after buying an additional 95 shares in the last quarter. Wright Investors Service Inc. raised its stake in Sotheby’s by 2.1% in the second quarter. Wright Investors Service Inc. now owns 8,565 shares of the company’s stock valued at $235,000 after buying an additional 175 shares in the last quarter. Finally, Bank of Hawaii purchased a new stake in Sotheby’s during the third quarter valued at about $235,000. Institutional investors and hedge funds own 88.23% of the company’s stock.

Institutional Ownership by Quarter for Sotheby`s (NYSE:BID)

Sotheby’s (NYSE:BID) traded down 1.07% during mid-day trading on Friday, hitting $40.76. 148,721 shares of the company traded hands. Sotheby’s has a one year low of $21.79 and a one year high of $42.66. The firm’s market capitalization is $2.16 billion. The firm has a 50 day moving average of $40.03 and a 200 day moving average of $38.47.

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BID has been the topic of several analyst reports. Sidoti initiated coverage on shares of Sotheby’s in a research report on Thursday, December 29th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Sotheby’s from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. TheStreet lowered shares of Sotheby’s from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Cowen and Company reiterated a “market perform” rating and set a $36.00 price target on shares of Sotheby’s in a research report on Monday, October 31st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $41.75.

Sotheby’s Company Profile

Sotheby’s is a global art business company. The Company operates in two segments: Agency and Finance. The Agency segment earns commissions by matching buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process.

5 Day Chart for NYSE:BID

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