Hsbc Holdings PLC Has $1.08 Million Stock Position in Gold.com Inc. $GOLD

Hsbc Holdings PLC increased its stake in Gold.com Inc. (NYSE:GOLD - Free Report) by 283.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,773 shares of the company's stock after buying an additional 27,180 shares during the quarter. Hsbc Holdings PLC owned approximately 0.13% of Gold.com worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GOLD. Larson Financial Group LLC acquired a new position in Gold.com during the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com in the 4th quarter valued at about $42,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Gold.com during the 4th quarter worth about $76,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Gold.com during the 4th quarter worth about $182,000. Finally, OP Asset Management Ltd bought a new stake in shares of Gold.com in the 1st quarter valued at about $228,000. 62.85% of the stock is owned by institutional investors.

Insider Transactions at Gold.com

In other news, CEO Gregory Roberts sold 25,000 shares of Gold.com stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the completion of the sale, the chief executive officer owned 28,202 shares of the company's stock, valued at approximately $1,392,050.72. This trade represents a 46.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tether Global Investments Fund bought 100,000 shares of Gold.com stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average cost of $39.30 per share, with a total value of $3,930,000.00. Following the transaction, the insider owned 300,000 shares of the company's stock, valued at $11,790,000. This trade represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 50,667 shares of company stock worth $2,437,822 over the last ninety days. Corporate insiders own 23.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GOLD shares. DA Davidson reiterated a "buy" rating and issued a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a research report on Thursday, September 3rd. Zacks Research lowered Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Canaccord Genuity Group cut their price objective on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Gold.com Stock Down 0.2%

Shares of NYSE:GOLD opened at $48.13 on Monday. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The stock has a market cap of $1.40 billion, a PE ratio of 16.48 and a beta of 0.56. The business has a 50 day moving average of $42.99 and a 200-day moving average of $44.05.

Gold.com (NYSE:GOLD - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%.During the same quarter last year, the business posted $0.41 EPS. Equities research analysts expect that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is presently 27.40%.

Gold.com Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

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