Wedbush Securities Inc. Has $9.89 Million Stock Holdings in Gold.com Inc. $GOLD

Wedbush Securities Inc. decreased its position in Gold.com Inc. (NYSE:GOLD) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,804 shares of the company’s stock after selling 12,622 shares during the quarter. Wedbush Securities Inc. owned approximately 0.82% of Gold.com worth $9,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Gold.com by 14.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,417 shares of the company’s stock worth $1,640,000 after buying an additional 4,895 shares during the period. Hsbc Holdings PLC raised its holdings in Gold.com by 283.3% in the 2nd quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock worth $1,076,000 after acquiring an additional 27,180 shares during the period. Public Employees Retirement System of Ohio bought a new position in Gold.com in the 2nd quarter worth $1,463,000. Globeflex Capital L P acquired a new position in Gold.com during the 2nd quarter worth $2,783,000. Finally, Bank of New York Mellon Corp bought a new stake in Gold.com during the second quarter valued at about $7,143,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOLD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Roth Capital set a $52.00 target price on Gold.com in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group initiated coverage on Gold.com in a report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.75.

Gold.com Stock Performance

NYSE GOLD opened at $45.49 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.58 and a beta of 0.54. The company’s fifty day moving average is $42.30 and its two-hundred day moving average is $45.16. Gold.com Inc. has a 52-week low of $22.00 and a 52-week high of $66.70.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.