Gold.com (NYSE:GOLD) Major Shareholder Purchases $1,703,865.44 in Stock

Key Points

• Tether Global Investments Fund purchased 42,682 Gold.com shares at an average price of $39.92, investing $1.70 million and increasing its holdings by 12.85% to 374,800 shares. The fund has made several additional purchases recently, including a 100,000-share acquisition in September.
• Gold.com shares rose 1.7% to $39.36, though the stock remains below its 50-day and 200-day moving averages. The company has a $1.15 billion market capitalization and trades at a price-to-earnings ratio of 13.47.
• The company’s latest quarterly results fell short of expectations, with earnings per share of $0.41 versus a $0.96 consensus estimate and revenue of $5.01 billion versus $5.67 billion expected. Analysts nevertheless maintain a “Moderate Buy” consensus rating with an average $58 price target, and Gold.com recently paid a $0.20-per-share special dividend.

Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund acquired 42,682 shares of the company's stock in a transaction on Tuesday, October 13th. The stock was acquired at an average price of $39.92 per share, for a total transaction of $1,703,865.44. Following the completion of the purchase, the insider owned 374,800 shares of the company's stock, valued at $14,962,016. This trade represents a 12.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 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 14th, Tether Global Investments Fund bought 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 bought 31,088 shares of Gold.com stock. The shares were 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 bought 1,030 shares of Gold.com stock. The shares were 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 purchased 100,000 shares of Gold.com stock. The shares were bought at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Up 1.7%

GOLD stock traded up $0.64 during trading on Thursday, hitting $39.36. The company had a trading volume of 153,847 shares, compared to its average volume of 603,681. The firm has a market cap of $1.15 billion, a PE ratio of 13.47 and a beta of 0.71. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The firm has a 50-day moving average price of $44.15 and a 200-day moving average price of $42.94.

Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 EPS 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 analysts' expectations of $5.67 billion. During the same period in the prior year, the company earned $0.41 earnings per share. Sell-side analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Announces Dividend

The business 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 was Wednesday, September 16th. Gold.com's dividend payout ratio is 27.40%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Gold.com from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $60.00 target price on shares of Gold.com in a report 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Institutional Trading of Gold.com

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in Gold.com by 42.5% in the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company's stock valued at $11,103,000 after purchasing an additional 82,637 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Gold.com during the 4th quarter worth about $6,185,000. Bank of New York Mellon Corp acquired a new stake in shares of Gold.com during the 2nd quarter worth about $7,143,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Gold.com by 740.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company's stock worth $5,000,000 after buying an additional 109,910 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Gold.com during the first quarter worth about $4,836,000. 62.85% of the stock is 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.

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