1World Trading Up 5.7% Over Last Week (1WO)

1World (CURRENCY:1WO) traded 6.7% higher against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on July 21st. One 1World token can now be purchased for approximately $0.17 or 0.00002329 BTC on major exchanges. During the last week, 1World has traded 5.7% higher against the U.S. dollar. 1World has a market capitalization of $3.60 million and approximately $71,973.00 worth of 1World was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

Get 1World alerts: XRP (XRP) traded up 2% against the dollar and now trades at $0.46 or 0.00006102 BTC. Stellar (XLM) traded up 11.8% against the dollar and now trades at $0.30 or 0.00004079 BTC. IOTA (MIOTA) traded 4.7% higher against the dollar and now trades at $1.01 or 0.00013563 BTC. Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00013396 BTC. TRON (TRX) traded 4.5% higher against the dollar and now trades at $0.0361 or 0.00000483 BTC. NEO (NEO) traded up 5.5% against the dollar and now trades at $34.55 or 0.00462920 BTC. Binance Coin (BNB) traded 2.4% higher against the dollar and now trades at $12.27 or 0.00164396 BTC. VeChain (VET) traded 8.1% higher against the dollar and now trades at $1.90 or 0.00025482 BTC. 0x (ZRX) traded 13% higher against the dollar and now trades at $1.18 or 0.00015843 BTC. Zilliqa (ZIL) traded up 5% against the dollar and now trades at $0.0740 or 0.00000992 BTC.

About 1World

1World’s genesis date was November 30th, 2017. 1World’s total supply is 37,219,453 tokens and its circulating supply is 20,686,551 tokens. The official website for 1World is ico.1worldonline.com. 1World’s official Twitter account is @1World_Online.

1World Token Trading

1World can be bought or sold on these cryptocurrency exchanges: Qryptos. It is usually not presently possible to buy alternative cryptocurrencies such as 1World directly using U.S. dollars. Investors seeking to acquire 1World should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy 1World using one of the exchanges listed above.

A High-Octane Dividend Growth Stock You Won��t Want to Overlook

We measure investing wins and losses by how a stock performs against the broader market, with most benchmarking against the S&P 500. While many investors assume that high-octane growth stocks give them the best chance to earn market-beating returns, dividend growth stocks have trounced their nonpaying peers over the last several decades.

According to a study by Ned Davis Research, companies that increased their dividends on a consistent basis have delivered a total annual return of nearly 10.1% going all the way back to 1972. That has not only outpaced the S&P 500's 7.7% yearly total return over that time frame, but also the paltry 2.6% average annual gain of nonpayers.

Given that data, it would behoove investors to focus more on finding companies poised to grow their dividends at a healthy pace, since that would theoretically provide them with more fuel to outperform. That's why investors won't want to miss what oil driller EOG Resources (NYSE:EOG) has on tap. While its paltry 0.6%-yielding dividend might not appeal to income investors, its dividend growth prospects have the potential to continue fueling market-smashing returns.

Image source: Getty Images.

A jaw-dropping dividend growth history

EOG Resources has quietly been one of the better dividend growth stocks since it began paying one in early 1998. From that starting point, the oil giant has increased its payout at a remarkable 19% compound annual growth rate, boosting it a stunning 2,366% overall. That rapidly growing income stream has richly rewarded investors by fueling an equally impressive total return of 2,620% over that time frame, which has pulverized the 305% total return generated by the S&P 500.

However, like most oil stocks, EOG Resources lacked the fuel to grow its dividend during the industry's most recent downturn. Because of that, the company pressed the pause button on dividend growth in 2015. While that ended a 16-year streak of consecutive dividend increases, it could have been far worse.

Many of its peers slashed or eliminated their dividends to preserve cash. Former dividend stalwarts ConocoPhillips (NYSE:COP) and Anadarko Petroleum (NYSE:APC) were among the many that caved under the pressure of lower oil prices, with ConocoPhillips slicing its payout by two-thirds, while Anadarko slashed its�dividend by 82%.

Reset and ready to hit the accelerator

By preserving cash during the industry's dark days, and making changes to drive down costs, oil companies are in a position to begin returning more money to shareholders now that market conditions are on the upswing. ConocoPhillips has already increased its payout 14% in the last two years, while Anadarko jacked its�dividend up fivefold, putting it within striking distance of its former peak. EOG, meanwhile, restarted dividend growth this year by raising its payout 10.4%.

That increase is only the beginning for EOG Resources. The oil driller repositioned its business to thrive as long as oil remains above $50 a barrel. At that price point, the company can generate enough cash flow to fund its current dividend and invest in drilling the new wells needed to grow its U.S. oil production at a more than 15% compound annual growth rate. That oil-fueled growth would expand cash flow at an even greater pace. Meanwhile, with crude currently near $70 a barrel, EOG is in position to produce a significant windfall of excess cash going forward.

Because of that, EOG believes it can grow its dividend at an accelerated pace. In fact, it aims to increase the payout at a greater than 19% compound annual growth rate going forward, which is the pace it has kept up since 1999. That higher-octane dividend growth could provide EOG with the fuel it needs to continue delivering market-smashing returns.

This factor yields a higher return in the long run

Most dividend investors focus on stocks with higher yields because they want to generate more income now. As a result, they'll likely take one look at EOG Resources' paltry 0.6%-yielding payout and toss it aside. That approach, however, can cause them to miss out on an even bigger payday, which is what EOG has provided its investors over the years with its fast-paced dividend growth. That's why investors won't want to miss the fact that this oil giant is about to hit the accelerator on dividend growth, which could be its ticket to delivering continued outperformance.�

�

Bitcoin prices sees biggest daily surge in three months, up more than 10%

Bitcoin prices surged more than 10% Tuesday, taking the No. 1 digital currency back above $7,000 for the first time in five weeks and on track to record its biggest daily gain since April 12. In doing so, bitcoin BTCUSD, +10.34% traded above its 50-day moving average, a closely watched momentum indicator. The rally for bitcoin has been aided by four consecutive winning days, which if gains hold also would represent its longest stretch since April. A single bitcoin last changed hands at $7,371.87, up 10.7% since Monday 5 p.m. on the Kraken crypto exchange. By comparison the Dow Jones Industrial Average DJIA, +0.36% has gained 0.3%, the S&P 500 SPX, +0.54% is up 0.5% and the Nasdaq Composite Index COMP, +0.74% is higher by 0.6%.

See Full Story Trump Today: President backtracks, now says he accepts Russia meddled in U.S. election

On the defensive after a European trip that drew criticism from fellow Republicans as well as Democrats, President Donald Trump on Tuesday tweeted out defenses to his actions.

Dividend Investors Learn To Love Small Fries And REITs

&l;p&g;Action in the bond market exerts a huge influence on stocks and other asset classes, and as rates move higher, there will one day be a point at which even stock market investors flee risky assets for the guarantee of a juicy double-digit yield. We&a;rsquo;re not there yet, but going back more than a generation to the summer of 1981, the yield on the 10-year U.S. Treasury note topped 16%, and bank certificates of deposit would earn you an annual percentage yield of 17% or higher. Those days are long gone, but if interest rates adhere to their typical 36-year cycle of rising and falling, we may have turned the corner last year, and rates will be heading higher for the next several decades. Those fat yields from the 1980s may be reappearing in the early 2050s.

&l;img class=&q;size-full wp-image-6858&q; src=&q;http://blogs-images.forbes.com/johndobosz/files/2018/07/fred.jpg?width=960&q; alt=&q;&q; data-height=&q;469&q; data-width=&q;1163&q;&g; Source: Federal Reserve Bank of St. Louis.

My area of expertise is equity income investing, and I maintain a Top 25 portfolio of dividend-paying stocks that&s;s posted every Friday evening in &l;a href=&q;https://protect-us.mimecast.com/s/2EWDC31YDLf2MyXjcDNlnT&q; target=&q;_blank&q;&g;&l;em&g;Forbes Dividend Investor&l;/em&g;&l;/a&g;. The investment thesis here is that if you buy companies temporarily out of favor but still able to pay steady or even rising dividends, you lock into a situation with great capital gains potential, and a generous dividend yield, often 4% or higher.

I select stocks for the Top 25 using criteria that include discounts to five-year average multiples of price to sales, book value, earnings, cash flow and enterprise value/Ebitda (earnings before interest, taxes, depreciation and amortization). Stocks are rewarded for superior rates of dividend growth and revenue growth, as well as for high yields and low payout ratios. Operating cash flow over the past 12 months needs to be positive and must be sufficient to cover the dividend.

I track weekly performance of the Forbes Dividend Investor Top 25 model portfolio against 20 dividend ETFs. The equally-weighted Top 25 has produced a 5.2% year-to-date return, higher than any of the ETFs, except for the WisdomTree SmallCap Dividend Fund (DES), up 6.3% YTD through July 9.

Bigger has not been better in dividend stocks so far in 2018, as small-capitalization stocks have trounced their larger-cap brethren in terms of performance, a gap that&a;rsquo;s widened since the market corrected in early February, and again over the past two months. Year-to-date, the Russell 2000 Small Cap Index (IWM) ETF has returned 11.7%, more than double the 5.0% return from the large-cap SPDR S&a;amp;P 500 Index (SPY).

Over the past five months since the market began to recover from the January-February correction, DES has jumped higher by more than 12%, and so has the iShares Cohen &a;amp; Steers REIT (ICF) ETF, a proxy for U.S.-listed real estate investment trusts.

&l;img class=&q;size-full wp-image-6859&q; src=&q;http://blogs-images.forbes.com/johndobosz/files/2018/07/etfs.jpg?width=960&q; alt=&q;&q; data-height=&q;466&q; data-width=&q;700&q;&g; from Stockcharts

The outperformance of small-caps is due at least in part to fears of a trade war, which have taken a toll on large multinational companies that are heavily dependent on exports. Smaller companies, by comparison, tend to do nearly all their business domestically.

Raging performance of REITs since early February is a result of deeply oversold levels for many REITs earlier this year as interest rates jumped higher. Except for a spike in May, long-term interest rates have declined over the past five months. Meanwhile, REITs have favorable fundamentals with a strong economy, low unemployment and surging retail sales.

It makes sense that the Top 25 has enjoyed outperformance versus most dividend ETFs, because small-caps and REITs enjoy strong representation. Eight of the 25 stocks (32%) are REITs, and the median market capitalization of the stocks in the portfolio is $4 billion. Sixteen (64%) have a market capitalization less than $7 billion.

Here are two small-caps, one of them a REIT, currently on the Top 25.

West Palm Beach, Florida-based &l;strong&g;Chatham Lodging Trust&l;/strong&g; (CLDT) is a real estate investment trust that owns interests in 135 upscale and premium-branded hotels, with 18,516 rooms. Revenue this year is expected to climb 5% to $314.8 million, and funds from operations have grown 16.9% per year over the past five years.

Chatham is a monthly dividend-payer, with the ex-dividend date for the next $0.11 per share payout coming up on July 30. In addition to the monthly dividend and discounted valuations relative to history, what&a;rsquo;s also encouraging about Chatham is a &l;u&g;&l;a href=&q;https://protect-us.mimecast.com/s/DTUYC1wVAJFqmP6riGk26n&q; target=&q;_blank&q;&g;rash of insider buying going back to February&l;/a&g;&l;/u&g; by top company brass, including the chief executive officer, chief operating officer and chief investment officer. With a market capitalization of $990 million, Chatham is both a REIT and a small-cap.

Another small-cap recently added to the Top 25 is &l;strong&g;Pitney Bowes&l;/strong&g; (PBI). Founded in 1920 as a seller of postage metering equipment, the Stamford, Connecticut-based company has been forced to diversify and transform its business as electronic communications have supplanted many written notices sent through the U.S. Mail from businesses to customers. Today Pitney Bowes provides information management, location intelligence and customer engagement products and solutions, as well as shipping, mailing, fulfillment, returns and cross-border e-commerce products and solutions that enable the sending of parcels and packages. Revenue and Ebitda began to turn higher in the fourth quarter of last year, and the stock trades near a five-year low, with valuations severely discounted from five-year averages.

&l;u&g;&l;a href=&q;https://protect-us.mimecast.com/s/SqpCC2kGBKs8GBVLiBOMhz&q; target=&q;_blank&q;&g;Insiders have been buying company stock.&l;/a&g;&l;/u&g; The CEO purchased $100,000 worth of shares on May 8 at $9.02 per share, and the chief financial officer, somebody who should know what&a;rsquo;s going on with the numbers, purchased $88,000 worth at $8.82 per share.

Pitney Bowes is a bit of a scoundrel, having cut its dividend in half five years ago, so it warrants extraordinary suspicion, but with top officers buying stock and the revenue picture getting brighter, buying at five-year lows might look smart in several months&a;rsquo; time.

&l;em&g;John Dobosz is the editor of &l;a href=&q;https://protect-us.mimecast.com/s/2EWDC31YDLf2MyXjcDNlnT&q; target=&q;_blank&q;&g;Forbes Dividend Investor &l;/a&g;and &l;a href=&q;https://protect-us.mimecast.com/s/6rRhC4xW0MflWDzZtV0WNQ&q; target=&q;_blank&q;&g;Forbes Premium Income Report&l;/a&g;.&l;/em&g;&l;/p&g;

Crisis Alert: The $80,000 Job Nobody Wants Is Costing You Money!

It is a problem impacting everyone, including you.

And it is hitting us right where it hurts �� in the wallet.

The issue is a massive shortage of truck drivers in the United States. American Trucking Associations believe that we need at least 50,000 additional truck drivers, and we need them today.1

It isn’t hard to fathom how a shortage of truck drivers impacts all of us financially. Just take a look around you right now��

If something is in your home, then it has at some point been on a truck.

To attract new drivers companies have had to pay more. On top of that we also have rising fuel costs.

The cost of shipping a “dry good” (one that doesn’t require refrigeration or special conditions) by truck has risen by almost 80 percent since 2010 and 40 percent in the past year alone.

These increased trucking costs are impacting nearly every company that is in the business of selling goods.

Tyson Foods (TSN: NYSE) for example has indicated that its shipping costs will increase by a whopping $200 million this year. It doesn’t matter what is being shipped, if it is going by truck it will cost more.

You know what happens when corporations see their costs rise. They pass those cost increases on to us, the consumers. Since virtually everything we consume gets shipped to us, that means we are going to be paying more for everything.

Were you wondering why the cost of your Amazon Prime membership jumped from $99 to $119? This truck driver shortage is it.

Worse still, this is not going to be a temporary problem.

With e-commerce growing at a rapid pace, an even greater strain will be placed on our transportation system and the truck driver shortage will grow.

Expectations are that we will need nearly 900,000 new drivers over the next decade to keep up with the growth in demand for freight transportation.2 There is no way that the trucking industry attracts all of those bodies without continuing to offering higher and higher compensation��

We Can Eat These Cost Increases Or We Can Do Something About Them

It is pretty clear that as consumers, we are going to be bearing the brunt of these shipping cost increases over the coming decade.

It therefore makes sense for us as investors to hedge way our exposure to what is coming.

So how do we do that? How do we profit from truck driver wages rising?

Next to becoming truck drivers ourselves, the most obvious way to do that is by owning the railroads which become much more competitive as the cost of trucking goes up.

Interestingly, we wouldn’t be the first smart investors to see opportunity in the railroads. Warren Buffett purchased all of Burlington Northern Santa Fe in 2009 for his company Berkshire Hathaway, and his pal Bill Gates has owned a significant position in the Canadian National Railway since 2002.3

The specific railway that I like best right now is Kansas City Southern (KSU: NYSE). My preference for Kansas City Southern today is based entirely on one thing, the shares of the company are cheap.

At just over 11 times earnings, KSU is trading at a lower multiple than it has for years.

The reason for Kansas City Southern’s depressed valuation is concern over the North American Free Trade Agreement (NAFTA). KSU has built an expansive rail network that connects the U.S. heartland to Mexico, and President Trump’s threats to exit from the existing NAFTA deal have cast a shadow over KSU’s share price.

I believe that any concerns over the U.S. exiting NAFTA are more than priced into this stock.� The market has accepted the idea that NAFTA and trade in North America are going to crumble.

In doing so, the market has missed how much Kansas City Southern is going to benefit from a boom in the petrochemical business that is happening on the Gulf Coast. The market has also missed this company has just completed spending on two major capex projects and is going to see a $100 million reduction in spending this year. That means increased free cash flows which means more money for dividends and share repurchases.

Today, shares of Kansas City Southern are priced for the complete death of NAFTA. As they old saying goes, “if it’s in the news, it’s in the stock.”

I think there is significant upside here even if NAFTA disintegrates because of the items the market has missed. Should we get a resolution to this NAFTA issue that is any less than disastrous for trade with Mexico, this stock will move higher in a hurry.

That means that these shares don’t have much room to fall, but oodles of room to rise. That is especially true with the demand for railroad shipments increasing as the cost of shipping by truck rises.

This is the kind of risk/reward trade that we should always be looking for.

Here’s to looking through the windshield,

Jody Chudley
Financial Analyst, The Daily Edge
EdgeFeedback@AgoraFinancial.com

1America has a massive truck driver shortage. Here’s why few want an $80,000 job., WaPo
2There Aren’t Enough Truckers, and That’s Pinching U.S. Profits, Bloomberg
3BILL & MELINDA GATES FOUNDATION TRUST, Whale Wisdom

Gold tries for best levels in 2 weeks after the dollar��s recent retreat

Gold futures prices climbed Monday, with the recent retreat in the U.S. dollar helping to put the metal on track to notch its strongest level in roughly two weeks, as investors tested key chart territory for bruised bullion.

August gold GCQ8, +0.32% was up $5.90, or 0.5%, at $1,261.70 an ounce. A settlement around this level would be the highest since June 25, FactSet data show.

��All will depend on the U.S. dollar for gold,�� said Chintan Karnani, chief market analyst at Insignia Consultants. And ��more negative news from the U.S. trade war should be bullish for gold.��

The North Atlantic Treaty Organization meeting coming up this week may ��also affect the U.S. dollar and gold,�� said Karnani. ��Trump and his bag of surprises in the NATO meet will keep financial markets nervous.��

Gold notched a slight gain for last week, after a mostly upbeat U.S. jobs report was seen keeping the Federal Reserve on a path toward gradually higher interest rates, moving at no faster a pace than longtrend expectations for markets. Yet, gold futures at the start of last week had hit their lowest levels of 2018, knocked lower by a strengthening dollar.

Gold��s $1,260 line ��needs to be broken to generate momentum in a recovery,�� said Richard Perry, analyst at Hantec Markets, in a note ahead of Monday��s action. ��It would imply a move towards $1,282��and further out, there is plenty of resistance between $1,282/$1,300.��

The most popular fund tracking gold, the SPDR Gold Shares GLD, +0.34% was up about 0.5%.

The ICE U.S. Dollar Index DXY, +0.13% traded nearly flat Monday, but was down 0.6% so far this month. A weaker buck can make assets pegged to the currency, including gold, more attractive to buyers using other monetary units.

In fact, gold, often used as a haven asset, firmed even as U.S. stocks saw a strong start to the week. Global markets eased their focus on trade matters for now. Concerns about fraying relationships between the U.S. and its longstanding trade partners in the European Union, North American and China, have helped strengthen the dollar and have weighed on commodities priced in the monetary unit, including bullion. The dollar index has posted gains in each of the last three months, while gold futures fell in April, May and June.

Gold demand also has been hurt by the fear that a trade spat may hurt Beijing��s economy, which already has shown signs of decelerating in recent months. China is one of the world��s biggest buyers in metals, including gold.

Check out: MarketWatch��s Economic Calendar

Around the metals complex, September silver SIU8, +0.47% rose 0.5% to $16.155 an ounce. Silver shed about 0.8% for last week. The most popular exchange-traded fund that tracks silver, the iShares Silver Trust SLV, +0.53% �was up 0.6% for last week and already rebounding about 1% early Monday.

October platinum PLV8, +0.51% �rebounded 1.5% to $861.60 an ounce. It logged a weekly loss of 1.1% through Friday after settling Monday at the lowest for a most-active contract since late 2008.

Read: How platinum is starting to shine for bargain hunters

September copper HGU8, +1.19% �rose 1.2% at $2.857 a pound. while September palladium PAU8, +0.52% �added 0.8% to $955.40 an ounce.

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Comment Related Topics Metals and Minerals Metal Exchange U.S. Stocks Markets Gold Silver Copper Quote References GCQ8 +4.00 +0.32% GLD +0.40 +0.34% DXY +0.12 +0.13% SIU8 +0.08 +0.47% SLV +0.08 +0.53% PLV8 +4.30 +0.51% HGU8 +0.03 +1.19% PAU8 +4.90 +0.52% Show all references MarketWatch Partner Center Most Popular Changes afoot for HBO under AT&T��s new reign

Instagram Has Become Facebook's Best Investment -- By Far

In April 2012,�Facebook (NASDAQ:FB)�rocked the tech world when it announced it had paid $1 billion for Instagram. The purchase sent heads shaking and tongues wagging. Even late night TV got into the game as�Jon Stewart, then host of The Daily Show, famously quipped, "A billion dollars of ... money? For a thing that kind of ruins your pictures?"�

Now, just six years later, it looks like Facebook CEO Mark Zuckerberg gets the last laugh. In an analysis conducted by Bloomberg Intelligence, analyst Jitendra Waral estimates that Instagram would be worth a whopping $100 billion, assuming it was still a stand-alone company.�

Image source: Getty Images.

Just six years ago...

At the time of the purchase, Instagram reportedly had 30 million iPhone-user accounts and an estimated 1 million new Android users when the app for that operating system was released. The company had no revenue and no business model to speak of. Facebook, meanwhile, was preparing for its IPO the following month and its users were uploading 250 million photos per day, illustrating the growing importance of photo sharing.�

Plenty of things have changed since then. Instagram recently announced that it had surpassed�1 billion monthly active users (MAUs) -- compare that to Facebook's 2.2 billion.�While Facebook's user growth is slowing, Instagram's growth will probably continue to accelerate�and it is expected to account for 28% of its parent company's mobile ad revenue for 2018. "With its rapidly increasing advertiser base, [Instagram] will quickly become the engine that drives growth for the whole," according to market research company eMarketer, which estimates that Instagram will account for as much as 40% of Facebook's revenue by 2020.�

The evolution continues

Waral believes that Instagram will eclipse 2 billion MAUs over the next five years and that it could potentially surpass Facebook's number of active users, pointing to Instagram's faster adoption curve.

The entry into video is likely to be a main growth driver, and it began in earnest when Instagram Stories debuted in August 2016, which allowed users to share multiple short videos within a 24-hour time frame. The move, based on a similar feature in Snapchat, was followed by a rapid increase in both users and engagement levels. Instagram recently announced that its Stories feature surpassed 400 million daily active users, more than two times bigger than Snap's offering. The photo-sharing network is now pushing further into the video segment, with the recent launch of IGTV, a new feature that will allow creators to upload videos that are up to an hour long, far exceeding the previous limit of one minute.

This move is seen as a direct challenge to Google's YouTube, a division of Alphabet. While there are no plans to advertise on IGTV to start out, Instagram CEO Kevin Systrom said it's "obviously a very reasonable place [for them] to end up." He continued by saying there would also eventually be a revenue-sharing deal with creators.�

Image source: Instagram.

The opportunity will likely get bigger from here

While Facebook's acquisition of Instagram was widely questioned at the time, it seems rather prescient now. Digital video ad spending in the U.S. is expected to grow 25% in 2018 to nearly $7.9 billion, according to eMarketer via the New York Times. For its part, Instagram is expected to produce nearly $5.5 billion in ad sales this year, up more than 70% over 2017.

Those who have feared slowing growth at Facebook's flagship social network need to look no further than Instagram to see where the next generation of the company's growth will come from.

Sothebys (BID) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its position in Sothebys (NYSE:BID) by 44.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,524 shares of the specialty retailer’s stock after buying an additional 94,406 shares during the quarter. Millennium Management LLC owned about 0.60% of Sothebys worth $15,830,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BID. Bank of New York Mellon Corp lifted its holdings in shares of Sothebys by 103.7% in the fourth quarter. Bank of New York Mellon Corp now owns 950,945 shares of the specialty retailer’s stock valued at $49,069,000 after buying an additional 484,141 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Sothebys by 21.9% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,950,000 shares of the specialty retailer’s stock valued at $100,054,000 after buying an additional 350,000 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Sothebys in the first quarter valued at $14,182,000. BlackRock Inc. lifted its holdings in shares of Sothebys by 6.7% in the first quarter. BlackRock Inc. now owns 4,185,419 shares of the specialty retailer’s stock valued at $214,752,000 after buying an additional 263,550 shares during the period. Finally, Matarin Capital Management LLC acquired a new stake in shares of Sothebys in the first quarter valued at $12,657,000. Institutional investors and hedge funds own 90.91% of the company’s stock.

Get Sothebys alerts:

Several analysts have recently weighed in on the company. ValuEngine upgraded Sothebys from a “hold” rating to a “buy” rating in a report on Monday. Sidoti lowered Sothebys from a “buy” rating to a “neutral” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded Sothebys from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, May 18th. TheStreet upgraded Sothebys from a “c+” rating to a “b-” rating in a report on Monday, March 19th. Finally, Cowen upped their target price on Sothebys from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Sothebys presently has a consensus rating of “Buy” and a consensus price target of $63.00.

Shares of Sothebys opened at $55.34 on Thursday, according to Marketbeat. Sothebys has a 12 month low of $42.78 and a 12 month high of $60.16. The firm has a market cap of $2.87 billion, a PE ratio of 21.79 and a beta of 1.81. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.25 and a quick ratio of 1.19.

Sothebys (NYSE:BID) last announced its earnings results on Thursday, May 3rd. The specialty retailer reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. Sothebys had a return on equity of 24.21% and a net margin of 12.39%. The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $141.00 million. During the same period in the prior year, the business posted ($0.12) earnings per share. Sothebys’s revenue was down 1.8% compared to the same quarter last year. research analysts anticipate that Sothebys will post 2.81 earnings per share for the current fiscal year.

About Sothebys

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France, and internationally. The company operates in two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches sellers to buyers through the auction or private sale process.

Want to see what other hedge funds are holding BID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sothebys (NYSE:BID).