Gold.com (NYSE:GOLD) Major Shareholder Purchases $1,273,018.00 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 32,675 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average price of $38.96 per share, for a total transaction of $1,273,018.00. Following the completion of the transaction, the insider directly owned 432,675 shares of the company’s stock, valued at $16,857,018. The trade was a 8.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 28th, Tether Global Investments Fund acquired 27,633 shares of Gold.com stock. The shares were acquired at an average cost of $39.39 per share, with a total value of $1,088,463.87.
• On Tuesday, October 27th, Tether Global Investments Fund acquired 39,692 shares of Gold.com stock. The stock was acquired at an average price of $39.44 per share, with a total value of $1,565,452.48.
• On Wednesday, October 14th, Tether Global Investments Fund acquired 25,200 shares of Gold.com stock. The stock was acquired at an average price 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 acquired at an average cost of $39.92 per share, for a total transaction of $1,703,865.44.
• On Monday, October 12th, Tether Global Investments Fund bought 31,088 shares of Gold.com stock. The shares were bought at an average price of $39.87 per share, for a total transaction of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund bought 1,030 shares of Gold.com stock. The shares were bought at an average price 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 stock was bought at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Performance

NYSE:GOLD opened at $37.98 on Friday. Gold.com Inc. has a one year low of $23.00 and a one year high of $66.70. The stock has a market cap of $1.11 billion, a PE ratio of 13.01 and a beta of 0.71. The stock has a 50 day moving average price of $42.86 and a 200 day moving average price of $44.71.

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 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 posted $0.41 EPS. As a group, analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued 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

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

Institutional Investors Weigh In On Gold.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in Gold.com by 42.5% in the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock valued at $11,103,000 after purchasing an additional 82,637 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Gold.com during the 2nd quarter worth $7,143,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Gold.com by 740.1% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after purchasing an additional 109,910 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Gold.com during the 1st quarter worth $4,836,000. Finally, Sei Investments Co. increased its position in shares of Gold.com by 108.8% during the 1st quarter. Sei Investments Co. now owns 119,993 shares of the company’s stock worth $4,809,000 after purchasing an additional 62,537 shares during the last quarter. 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.