Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Acquires 1,030 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 1,030 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average cost of $39.96 per share, with a total value of $41,158.80. Following the acquisition, the insider owned 301,030 shares of the company’s stock, valued at $12,029,158.80. This represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The stock was bought at an average price of $39.87 per share, with a total value of $1,239,478.56.
• On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The shares were purchased at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Performance

NYSE:GOLD opened at $38.59 on Thursday. The stock’s fifty day moving average price is $44.15 and its two-hundred day moving average price is $42.94. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 8.04 and a beta of 0.71.

Gold.com (NYSE:GOLD) last released its 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 during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period last year, the business posted $0.41 earnings per share. On average, equities analysts predict that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th were paid 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 27.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOLD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Gold.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group reduced 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 cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Institutional Trading of Gold.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its holdings in Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after buying an additional 359 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Gold.com by 127.9% during the 3rd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $28,000 after buying an additional 371 shares during the period. Swiss National Bank grew its position in shares of Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after buying an additional 500 shares during the period. WINTON GROUP Ltd increased 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 acquiring an additional 700 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Gold.com by 16.9% in the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company’s stock valued at $384,000 after acquiring an additional 1,390 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

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.