Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 42,682 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 42,682 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were acquired at an average price of $39.92 per share, for a total transaction of $1,703,865.44. Following the acquisition, the insider directly owned 374,800 shares in the company, valued at $14,962,016. This represents a 12.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 stock was acquired 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 acquired 31,088 shares of Gold.com stock. The stock was acquired at an average cost of $39.87 per share, with a total value of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund acquired 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 acquired 100,000 shares of Gold.com stock. The stock was acquired at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Price Performance

Gold.com stock opened at $39.63 on Friday. The company 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 one year low of $23.00 and a one year high of $66.70. The company’s fifty day moving average price is $44.10 and its two-hundred day moving average price is $42.94.

Gold.com (NYSE:GOLD) last posted its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter last year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, September 28th. Stockholders 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 currently 27.40%.

Analyst Ratings Changes

GOLD has been the subject of a number of recent analyst reports. Northland Securities set a $55.00 target price on Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group dropped 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. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Institutional Trading of Gold.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $28,000 after buying an additional 371 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in Gold.com in the 2nd quarter valued at $125,000. WINTON GROUP Ltd raised its stake in shares of Gold.com by 7.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after buying an additional 700 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Gold.com in the 2nd quarter valued at $225,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gold.com in the 2nd quarter valued at $387,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.