Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 39,692 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 39,692 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were bought at an average cost of $39.44 per share, for a total transaction of $1,565,452.48. Following the purchase, the insider owned 472,367 shares of the company’s stock, valued at $18,630,154.48. This trade represents a 9.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 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 Wednesday, October 28th, Tether Global Investments Fund purchased 27,633 shares of Gold.com stock. The stock was bought at an average price of $39.39 per share, for a total transaction of $1,088,463.87.
• On Monday, October 26th, Tether Global Investments Fund acquired 32,675 shares of Gold.com stock. The shares were bought at an average cost of $38.96 per share, with a total value of $1,273,018.00.
• On Wednesday, October 14th, Tether Global Investments Fund acquired 25,200 shares of Gold.com stock. The shares were purchased 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 acquired 42,682 shares of Gold.com stock. The shares were purchased 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 bought 31,088 shares of Gold.com stock. The stock was purchased 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 bought 1,030 shares of Gold.com stock. The stock was purchased 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 bought 100,000 shares of Gold.com stock. The stock was purchased at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Down 1.3%

GOLD stock opened at $39.05 on Thursday. The stock has a 50-day moving average price of $43.15 and a two-hundred day moving average price of $44.77. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The company has a market cap of $1.14 billion, a PE ratio of 13.37 and a beta of 0.71.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $0.41 earnings per share. Equities analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Dividend Announcement

The company also recently announced 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 was Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.

Institutional Investors Weigh In On Gold.com

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings 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 during the period. Bank of New York Mellon Corp acquired a new position in Gold.com during the 2nd quarter worth approximately $7,143,000. Counterpoint Mutual Funds LLC boosted its holdings in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after acquiring an additional 109,910 shares during the period. Renaissance Technologies LLC purchased a new position in Gold.com in the 1st quarter worth approximately $4,836,000. Finally, Sei Investments Co. boosted its holdings in Gold.com by 108.8% in the 1st quarter. Sei Investments Co. now owns 119,993 shares of the company’s stock worth $4,809,000 after acquiring an additional 62,537 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

GOLD has been the topic of several research reports. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Northland Securities set a $55.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Gold.com 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 note on Saturday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Gold.com currently has an average rating of “Moderate Buy” and a consensus 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.