Gold.com (NYSE:GOLD) Major Shareholder Acquires $1,565,452.48 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 39,692 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average price of $39.44 per share, for a total transaction of $1,565,452.48. Following the completion of the purchase, the insider directly owned 472,367 shares in the company, valued at $18,630,154.48. This trade represents a 9.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Wednesday, October 28th, Tether Global Investments Fund acquired 27,633 shares of Gold.com stock. The shares were acquired at an average cost of $39.39 per share, for a total transaction of $1,088,463.87.
• On Monday, October 26th, Tether Global Investments Fund bought 32,675 shares of Gold.com stock. The shares were acquired at an average price of $38.96 per share, with a total value of $1,273,018.00.
• On Wednesday, October 14th, Tether Global Investments Fund bought 25,200 shares of Gold.com stock. The shares were acquired 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 bought 42,682 shares of Gold.com stock. The stock was acquired 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 acquired 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 cost of $39.96 per share, for a total transaction of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund purchased 100,000 shares of Gold.com stock. The shares were acquired at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Down 1.3%

Shares of GOLD stock traded down $0.51 during trading on Wednesday, reaching $39.05. 480,153 shares of the company’s stock traded hands, compared to its average volume of 593,757. The company has a market capitalization of $1.14 billion, a P/E ratio of 13.37 and a beta of 0.71. The firm’s 50-day moving average is $43.21 and its 200 day moving average is $44.80. Gold.com Inc. has a 1 year low of $23.00 and a 1 year high of $66.70.

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

Gold.com Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Gold.com by 283.3% during the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock valued at $1,076,000 after acquiring an additional 27,180 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Gold.com in the 1st quarter worth approximately $2,618,000. Bank of New York Mellon Corp bought a new stake in shares of Gold.com in the 2nd quarter worth approximately $7,143,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Gold.com in the 2nd quarter valued at $1,463,000. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after purchasing an additional 109,910 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

GOLD has been the subject of several recent research reports. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Northland Securities set a $55.00 price objective on Gold.com in a research note on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Canaccord Genuity Group cut their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.