Sothebys (NYSE:BID) CFO Dennis M. Weibling bought 4,000 shares of the business’s stock in a transaction on Monday, February 1st. The stock was bought at an average cost of $23.05 per share, with a total value of $92,200.00. Following the transaction, the chief financial officer now owns 53,000 shares in the company, valued at approximately $1,221,650. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dennis M. Weibling also recently made the following trade(s):

  • On Thursday, January 28th, Dennis M. Weibling bought 4,000 shares of Sothebys stock. The stock was bought at an average cost of $23.00 per share, with a total value of $92,000.00.

Other large investors have recently bought and sold shares of the company. Cambiar Investors LLC boosted its stake in Sothebys by 9.7% in the fourth quarter. Cambiar Investors LLC now owns 1,027,338 shares of the company’s stock worth $26,464,000 after buying an additional 91,129 shares during the last quarter. Lombardia Capital Partners LLC boosted its stake in Sothebys by 13.7% in the fourth quarter. Lombardia Capital Partners LLC now owns 22,398 shares of the company’s stock worth $577,000 after buying an additional 2,694 shares during the last quarter. California State Teachers Retirement System boosted its stake in Sothebys by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 115,321 shares of the company’s stock worth $2,971,000 after buying an additional 1,908 shares during the last quarter. Hosking Partners LLP boosted its stake in Sothebys by 1.3% in the fourth quarter. Hosking Partners LLP now owns 309,361 shares of the company’s stock worth $7,969,000 after buying an additional 4,034 shares during the last quarter. Finally, Trellus Management Company LLC boosted its stake in Sothebys by 40.8% in the fourth quarter. Trellus Management Company LLC now owns 20,000 shares of the company’s stock worth $515,000 after buying an additional 5,800 shares during the last quarter.

BID has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Sothebys from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. Standpoint Research started coverage on shares of Sothebys in a research note on Wednesday, January 20th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Sothebys from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 19th. Cowen and Company reiterated a “hold” rating on shares of Sothebys in a research note on Tuesday, November 10th. Finally, Craig Hallum dropped their price target on shares of Sothebys to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.60.

Sothebys (NYSE:BID) traded up 1.06% on Monday, hitting $23.74. 1,120,422 shares of the company were exchanged. Sothebys has a 52 week low of $21.50 and a 52 week high of $47.28. The firm’s 50 day moving average is $24.38 and its 200 day moving average is $31.88. The company has a market capitalization of $1.59 billion and a P/E ratio of 12.75.

Sothebys (NYSE:BID) last posted its earnings results on Monday, November 9th. The company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.01. The firm had revenue of $138 million for the quarter, compared to analysts’ expectations of $112.60 million. The company’s revenue was up 46.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) EPS. On average, equities research analysts forecast that Sothebys will post $2.03 earnings per share for the current fiscal year.

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 (NYSE:BID) to buyers through the auction or private sale process. The Company’s Principal segment is engaged in the sale of artworks that have been purchased by Sotheby’s, including property acquired for sale at auction in the near term in lieu of the Agency segment providing an auction guarantee to a potential consignor. The Company’s Finance segment provides certain collectors and art dealers with financing secured by works of art that Sotheby’s either has in its possession or permits borrowers to possess.

12 Month Chart for NYSE:BID

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