Gold.com (NYSE:GOLD) Major Shareholder Buys $41,158.80 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 1,030 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average cost of $39.96 per share, with a total value of $41,158.80. Following the purchase, the insider owned 301,030 shares of the company’s stock, valued at $12,029,158.80. This represents a 0.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The shares were purchased at an average cost of $39.87 per share, with a total value of $1,239,478.56.
• On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The shares were purchased at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Up 0.4%

GOLD stock traded up $0.17 during mid-day trading on Tuesday, hitting $39.91. The stock had a trading volume of 128,584 shares, compared to its average volume of 604,857. Gold.com Inc. has a 52 week low of $23.00 and a 52 week high of $66.70. The firm has a market capitalization of $1.16 billion, a P/E ratio of 13.67 and a beta of 0.71. The firm has a fifty day simple moving average of $44.30 and a 200 day simple moving average of $42.97.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Analysts Set New Price Targets

Several research analysts have commented on GOLD shares. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group cut their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Wall Street Zen upgraded Gold.com from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Northland Securities set a $55.00 price target on Gold.com in a research note on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Trading of Gold.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its holdings in shares of Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after buying an additional 359 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Gold.com by 127.9% in the 3rd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $28,000 after acquiring an additional 371 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after acquiring an additional 500 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Gold.com by 7.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Gold.com by 16.9% in the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company’s stock worth $384,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Gold.com Company 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.