Gold.com (NYSE:GOLD) Major Shareholder Acquires 25,200 Shares of Company Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 25,200 shares of Gold.com stock in a transaction dated 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 directly owned 400,000 shares in the company, valued at approximately $15,852,000. The trade was a 6.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Tuesday, October 13th, Tether Global Investments Fund bought 42,682 shares of Gold.com stock. The stock was purchased at an average cost 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 purchased 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 stock was acquired at an average price of $39.96 per share, with a total value of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund bought 100,000 shares of Gold.com stock. The shares were acquired at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Performance

Gold.com stock traded up $0.64 during mid-day trading on Thursday, reaching $39.36. 153,847 shares of the company were exchanged, compared to its average volume of 603,681. The firm’s 50-day simple moving average is $44.15 and its two-hundred day simple moving average is $42.94. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70. The firm has a market cap of $1.15 billion, a PE ratio of 13.48 and a beta of 0.71.

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 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 for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, equities research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Hedge Funds Weigh In On Gold.com

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Gold.com by 127.9% during 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. SkyView Investment Advisors LLC purchased a new position in shares of Gold.com during the 2nd quarter worth about $125,000. WINTON GROUP Ltd lifted its holdings in shares of Gold.com by 7.6% during the 2nd 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 period. Integrated Wealth Concepts LLC purchased a new position in shares of Gold.com during the 2nd quarter worth about $225,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Gold.com during the 2nd quarter worth about $387,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Gold.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Canaccord Genuity Group lowered their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

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.