Jane Street Group LLC decreased its position in shares of Sothebys (NYSE:BID) by 43.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,389 shares of the specialty retailer’s stock after selling 12,044 shares during the period. Jane Street Group LLC’s holdings in Sothebys were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE increased its holdings in Sothebys by 5.2% during the 2nd quarter. US Bancorp DE now owns 2,615 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 129 shares during the period. Daiwa Securities Group Inc. purchased a new position in Sothebys during the 2nd quarter worth approximately $172,000. Riverhead Capital Management LLC grew its stake in Sothebys by 72.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,630 shares of the specialty retailer’s stock worth $195,000 after buying an additional 1,530 shares during the last quarter. Turner Investments LLC purchased a new position in Sothebys during the 2nd quarter worth approximately $228,000. Finally, TrimTabs Asset Management LLC grew its stake in Sothebys by 70.5% during the 2nd quarter. TrimTabs Asset Management LLC now owns 4,843 shares of the specialty retailer’s stock worth $260,000 after buying an additional 2,002 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sothebys (NYSE:BID) opened at $50.37 on Friday. Sothebys has a 1 year low of $38.32 and a 1 year high of $57.95. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.62 and a current ratio of 1.73. The firm has a market capitalization of $2,686.58, a P/E ratio of 24.14 and a beta of 1.86.

Sothebys (NYSE:BID) last posted its quarterly earnings data on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.23. Sothebys had a return on equity of 22.48% and a net margin of 10.95%. The company had revenue of $171.39 million during the quarter, compared to analysts’ expectations of $101.14 million. During the same period last year, the firm earned ($0.78) EPS. The firm’s revenue for the quarter was up 87.3% on a year-over-year basis. equities analysts predict that Sothebys will post 2.14 earnings per share for the current fiscal year.

A number of research firms recently issued reports on BID. Consumer Edge upgraded Sothebys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Sothebys from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Aegis began coverage on Sothebys in a research note on Monday, October 30th. They set a “buy” rating and a $60.00 price target on the stock. Finally, TheStreet downgraded Sothebys from a “b” rating to a “c+” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Sothebys has an average rating of “Hold” and an average target price of $60.25.

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About Sothebys

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.

Institutional Ownership by Quarter for Sothebys (NYSE:BID)

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