Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Buys 39,692 Shares

Key Points

• Tether Global Investments Fund purchased 39,692 Gold.com shares at an average price of $39.44, investing approximately $1.57 million and increasing its position by 9.17% to 472,367 shares. The fund has made several additional purchases recently.
• Gold.com shares fell 1.3% to $39.05, well below the 52-week high of $66.70. The company’s latest quarterly results missed consensus estimates, reporting $0.41 in EPS versus expectations of $0.96 and revenue of $5.01 billion versus $5.67 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $58, while institutional investors own 62.85% of the company’s stock.

Gold.com Inc. (NYSE:GOLD - Get Free Report) 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 price of $39.44 per share, with a total value of $1,565,452.48. Following the purchase, the insider directly owned 472,367 shares in the company, valued at approximately $18,630,154.48. The trade was a 9.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 28th, Tether Global Investments Fund acquired 27,633 shares of Gold.com stock. The shares were 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 purchased at an average cost of $38.96 per share, for a total transaction 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 cost of $39.63 per share, for a total transaction of $998,676.00.
• On Tuesday, October 13th, Tether Global Investments Fund bought 42,682 shares of Gold.com stock. The stock was 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 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 stock was purchased 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 purchased at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Down 1.3%

Shares of GOLD traded down $0.51 during trading hours on Wednesday, reaching $39.05. 480,153 shares of the stock traded hands, compared to its average volume of 593,757. 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 $1.14 billion, a price-to-earnings ratio of 13.37 and a beta of 0.71. The stock has a fifty day simple moving average of $43.21 and a 200 day simple moving average of $44.80.

Gold.com (NYSE:GOLD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is presently 27.40%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Northland Securities set a $55.00 price objective on Gold.com in a research report on Thursday, September 3rd. DA Davidson reaffirmed a "buy" rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Wall Street Zen upgraded Gold.com from a "sell" rating to a "hold" rating in a research note on Saturday, October 10th. Canaccord Genuity Group lowered their target price on 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 downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Institutional Investors Weigh In On Gold.com

A number of hedge funds have recently modified their holdings of GOLD. Empowered Funds LLC lifted its stake in Gold.com by 42.5% in the first 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 during the last quarter. Bank of New York Mellon Corp purchased a new stake in Gold.com in the second quarter worth $7,143,000. Counterpoint Mutual Funds LLC increased its position in Gold.com by 740.1% in 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 during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Gold.com in the first quarter valued at $4,836,000. Finally, Sei Investments Co. raised its stake in shares of Gold.com by 108.8% in the first quarter. Sei Investments Co. now owns 119,993 shares of the company's stock valued at $4,809,000 after buying an additional 62,537 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.