Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Acquires 25,200 Shares of Company Stock

Key Points

• Tether Global Investments Fund bought 25,200 Gold.com shares at an average price of $39.63, investing nearly $1 million and increasing its position by 6.72% to 400,000 shares. The fund has also made several additional purchases since September.
• Gold.com shares rose 1.7% to $39.36, but remain below their 50-day and 200-day moving averages. The company recently missed quarterly earnings and revenue expectations, reporting $0.41 EPS versus the $0.96 consensus estimate.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $58, while institutional investors own 62.85% of the stock.

Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund acquired 25,200 shares of the firm's stock in a transaction on Wednesday, October 14th. The stock was purchased at an average price of $39.63 per share, with a total value of $998,676.00. Following the transaction, the insider owned 400,000 shares of the company's stock, valued at approximately $15,852,000. This trade represents a 6.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Tuesday, October 13th, Tether Global Investments Fund acquired 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 purchased 31,088 shares of Gold.com stock. The stock was bought at an average cost 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 shares were bought 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 bought 100,000 shares of Gold.com stock. The shares were purchased at an average cost of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Trading Up 1.7%

GOLD stock traded up $0.64 during midday trading on Thursday, reaching $39.36. The stock had a trading volume of 153,847 shares, compared to its average volume of 603,681. The company's fifty day simple moving average is $44.15 and its 200 day simple moving average is $42.94. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 13.48 and a beta of 0.71. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Sell-side analysts predict that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The firm also recently disclosed 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%.

Analyst Upgrades and Downgrades

GOLD has been the topic of a number of research analyst reports. Northland Securities set a $55.00 target price on Gold.com in a research report on Thursday, September 3rd. DA Davidson restated a "buy" rating and set a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group dropped their price objective 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. Wall Street Zen upgraded Gold.com from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Institutional Investors Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Hsbc Holdings PLC increased its holdings in Gold.com by 283.3% in the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company's stock valued at $1,076,000 after buying an additional 27,180 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Gold.com in the first quarter valued at $2,618,000. Bank of New York Mellon Corp acquired a new stake in Gold.com in the second quarter valued at $7,143,000. Public Employees Retirement System of Ohio purchased a new stake in Gold.com during the 2nd quarter worth about $1,463,000. Finally, Counterpoint Mutual Funds LLC lifted its holdings in Gold.com by 740.1% during the 1st 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. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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.