Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 25,200 Shares of Company Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 25,200 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was bought at an average cost of $39.63 per share, for a total transaction of $998,676.00. Following the acquisition, the insider directly owned 400,000 shares of the company’s stock, valued at $15,852,000. This represents a 6.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 acquired 42,682 shares of Gold.com stock. The shares were bought 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 acquired 31,088 shares of Gold.com stock. The shares were bought 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 acquired 1,030 shares of Gold.com stock. The shares were bought at an average cost 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 shares were bought at an average cost of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Up 2.3%

Shares of NYSE GOLD opened at $39.63 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.74 and a beta of 0.71. The stock’s fifty day simple moving average is $44.10 and its 200 day simple moving average is $42.94. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70.

Gold.com (NYSE:GOLD) last announced its 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 company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the firm earned $0.41 earnings per share. As a group, 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 declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Wall Street Analyst Weigh In

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

Institutional Trading of Gold.com

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Gold.com by 127.9% in the third 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. SkyView Investment Advisors LLC purchased a new position in shares of Gold.com during the second quarter valued at $125,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gold.com during the fourth quarter valued at $129,000. Integrated Wealth Concepts LLC acquired a new position in Gold.com during the second quarter valued at $225,000. Finally, Arizona State Retirement System raised its position in Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors 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.