Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Buys 27,633 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 27,633 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were bought at an average cost of $39.39 per share, for a total transaction of $1,088,463.87. Following the acquisition, the insider owned 500,000 shares in the company, valued at approximately $19,695,000. The trade was a 5.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 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 Tuesday, October 27th, Tether Global Investments Fund bought 39,692 shares of Gold.com stock. The stock was bought at an average cost of $39.44 per share, with a total value of $1,565,452.48.
• On Monday, October 26th, Tether Global Investments Fund bought 32,675 shares of Gold.com stock. The stock was bought at an average cost 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 bought at an average price of $39.63 per share, for a total transaction of $998,676.00.
• On Tuesday, October 13th, Tether Global Investments Fund purchased 42,682 shares of Gold.com stock. The shares were bought at an average cost of $39.92 per share, for a total transaction of $1,703,865.44.
• On Monday, October 12th, Tether Global Investments Fund purchased 31,088 shares of Gold.com stock. The shares were bought at an average cost of $39.87 per share, for a total transaction of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund purchased 1,030 shares of Gold.com stock. The stock was 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 stock was bought at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Price Performance

GOLD stock opened at $38.51 on Friday. The company has a 50 day moving average price of $43.01 and a 200 day moving average price of $44.74. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The stock has a market capitalization of $1.12 billion, a PE ratio of 7.81 and a beta of 0.71.

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

Gold.com Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOLD. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Canaccord Genuity Group lowered their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Weiss Ratings restated 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. Based on data from 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 institutional investors have recently made changes to their positions in GOLD. Arizona State Retirement System boosted its holdings in Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after buying an additional 359 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Gold.com by 127.9% during the 3rd 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. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Gold.com by 76.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock valued at $41,000 after acquiring an additional 418 shares during the last quarter. Swiss National Bank increased its stake in shares of Gold.com by 1.4% in the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after acquiring an additional 500 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Gold.com by 7.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after acquiring an additional 700 shares during the last quarter. 62.85% of the stock is 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.