Gold.com (NYSE:GOLD) Major Shareholder Purchases $1,239,478.56 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 31,088 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were bought at an average price of $39.87 per share, for a total transaction of $1,239,478.56. Following the acquisition, the insider owned 332,118 shares in the company, valued at approximately $13,241,544.66. This trade represents a 10.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 Wednesday, October 14th, Tether Global Investments Fund acquired 25,200 shares of Gold.com stock. The shares were bought at an average cost of $39.63 per share, with a total value of $998,676.00.
• On Tuesday, October 13th, Tether Global Investments Fund bought 42,682 shares of Gold.com stock. The stock was bought at an average price of $39.92 per share, with a total value of $1,703,865.44.
• On Wednesday, October 7th, Tether Global Investments Fund bought 1,030 shares of Gold.com stock. The shares were purchased 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 purchased at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Up 2.3%

Shares of GOLD opened at $39.63 on Friday. The stock’s 50-day moving average price is $44.10 and its 200 day moving average price is $42.94. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.74 and a beta of 0.71. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70.

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). Gold.com had a return on equity of 17.22% and a net margin of 0.32%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the business posted $0.41 EPS. Equities research analysts expect that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GOLD shares. DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Northland Securities set a $55.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group lowered their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Finally, Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in Gold.com by 283.3% during the 2nd quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock valued at $1,076,000 after purchasing an additional 27,180 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Gold.com in the first quarter valued at about $2,618,000. Bank of New York Mellon Corp bought a new stake in Gold.com during the second quarter worth about $7,143,000. Public Employees Retirement System of Ohio bought a new stake in Gold.com during the second quarter worth about $1,463,000. Finally, Counterpoint Mutual Funds LLC grew its stake in Gold.com by 740.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after buying an additional 109,910 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

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.