Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund bought 27,633 shares of the stock in a transaction on Wednesday, October 28th. The stock was purchased at an average price of $39.39 per share, for a total transaction of $1,088,463.87. Following the purchase, the insider directly owned 500,000 shares of the company's stock, valued at approximately $19,695,000. This represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's stock 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 purchased 39,692 shares of Gold.com stock. The shares were purchased 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 purchased 32,675 shares of Gold.com stock. The shares were purchased 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 purchased 25,200 shares of Gold.com stock. The shares were purchased 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 purchased 42,682 shares of Gold.com stock. The stock was purchased at an average cost 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 purchased 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 acquired 1,030 shares of Gold.com stock. The stock was purchased at an average price of $39.96 per share, for a total transaction of $41,158.80.
- On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The shares were acquired at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.
Gold.com Stock Performance
Shares of GOLD opened at $39.05 on Thursday. The firm has a market cap of $1.14 billion, a PE ratio of 13.37 and a beta of 0.71. The firm's 50 day moving average price is $43.15 and its 200 day moving average price is $44.77. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70.
Gold.com (NYSE:GOLD - Get Free Report) last posted its earnings results 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 return on equity of 17.22% and a net margin of 0.32%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, sell-side analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.
Gold.com Announces Dividend
The firm 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 of this dividend was Wednesday, September 16th. Gold.com's dividend payout ratio is presently 27.40%.
Institutional Trading of Gold.com
A number of institutional investors and hedge funds have recently modified their holdings of the company. 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 valued at $226,000 after acquiring an additional 359 shares during the period. GAMMA Investing LLC increased its position in shares of Gold.com by 127.9% during the third quarter. GAMMA Investing LLC now owns 661 shares of the company's stock valued at $28,000 after purchasing an additional 371 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in 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 buying an additional 418 shares during the period. Swiss National Bank increased its stake in Gold.com by 1.4% in the first 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 period. Finally, WINTON GROUP Ltd boosted its stake in 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 buying an additional 700 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on GOLD shares. Wall Street Zen upgraded Gold.com from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. DA Davidson reiterated a "buy" rating and set a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a research note on Thursday, September 3rd. Zacks Research lowered Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Canaccord Genuity Group cut their price objective 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Gold.com currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.
Read Our Latest Report on GOLD
About Gold.com
(
Get Free Report)
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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