Gold.com (NYSE:GOLD) Major Shareholder Buys 42,682 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 42,682 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average price of $39.92 per share, for a total transaction of $1,703,865.44. Following the transaction, the insider owned 374,800 shares of the company’s stock, valued at $14,962,016. The trade was a 12.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, October 14th, Tether Global Investments Fund bought 25,200 shares of Gold.com stock. The stock was purchased at an average cost of $39.63 per share, with a total value of $998,676.00.
• On Monday, October 12th, Tether Global Investments Fund purchased 31,088 shares of Gold.com stock. The stock was acquired at an average price of $39.87 per share, with a total value of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund purchased 1,030 shares of Gold.com stock. The shares were acquired at an average cost of $39.96 per share, for a total transaction of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund purchased 100,000 shares of Gold.com stock. The shares were acquired at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Up 1.7%

Shares of GOLD stock traded up $0.64 during mid-day trading on Thursday, hitting $39.36. 153,847 shares of the company’s stock were exchanged, compared to its average volume of 603,681. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The stock has a 50-day simple moving average of $44.15 and a two-hundred day simple moving average of $42.94. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 13.47 and a beta of 0.71.

Gold.com (NYSE:GOLD) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period in the prior year, the firm earned $0.41 EPS. As a group, analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The firm also recently announced 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 is 27.40%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GOLD. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group cut their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Gold.com currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOLD. GAMMA Investing LLC grew its position in Gold.com by 127.9% during the third 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 period. SkyView Investment Advisors LLC acquired a new stake in Gold.com during the second quarter worth about $125,000. WINTON GROUP Ltd increased its stake in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after acquiring an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Gold.com during the second quarter worth about $225,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Gold.com in the 2nd quarter worth about $387,000. Institutional investors and hedge funds 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.