Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Purchases 25,200 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 25,200 shares of Gold.com stock in a transaction that occurred on Wednesday, October 14th. The shares were bought at an average price of $39.63 per share, with a total value of $998,676.00. Following the transaction, the insider owned 400,000 shares of the company’s stock, valued at $15,852,000. This trade represents a 6.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, October 13th, Tether Global Investments Fund acquired 42,682 shares of Gold.com stock. The shares were bought at an average price of $39.92 per share, with a total value of $1,703,865.44.
• On Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The stock was bought at an average cost of $39.87 per share, for a total transaction of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund acquired 1,030 shares of Gold.com stock. The stock was bought 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 bought 100,000 shares of Gold.com stock. The stock was bought at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Down 0.7%

GOLD opened at $39.37 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 7.93 and a beta of 0.71. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70. The company’s 50-day moving average price is $44.02 and its two-hundred day moving average price is $42.92.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.41 EPS. As a group, sell-side analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com’s dividend payout ratio is 27.40%.

Institutional Trading of Gold.com

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Gold.com by 42.5% during the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock valued at $11,103,000 after buying an additional 82,637 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Gold.com in the 2nd quarter valued at approximately $7,143,000. Pacer Advisors Inc. purchased a new position in Gold.com in the 4th quarter valued at approximately $6,185,000. Counterpoint Mutual Funds LLC grew its stake in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after buying an additional 109,910 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Gold.com during the 1st quarter valued at $4,836,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their target price 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. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a research note on Thursday, September 3rd. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised Gold.com from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

About Gold.com

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.