Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 32,675 Shares of Company Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 32,675 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of $38.96 per share, for a total transaction of $1,273,018.00. Following the purchase, the insider owned 432,675 shares of the company’s stock, valued at $16,857,018. This represents a 8.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 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 Wednesday, October 28th, Tether Global Investments Fund acquired 27,633 shares of Gold.com stock. The shares were purchased at an average price of $39.39 per share, for a total transaction of $1,088,463.87.
• On Tuesday, October 27th, Tether Global Investments Fund bought 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 Wednesday, October 14th, Tether Global Investments Fund bought 25,200 shares of Gold.com stock. The shares were purchased at an average cost of $39.63 per share, with a total value 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 purchased 1,030 shares of Gold.com stock. The shares were purchased at an average cost of $39.96 per share, for a total transaction 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.com stock traded down $0.51 during trading on Wednesday, hitting $39.05. 480,153 shares of the stock traded hands, compared to its average volume of 593,757. The firm has a market cap of $1.14 billion, a P/E ratio of 13.37 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. The stock’s fifty day simple moving average is $43.21 and its 200 day simple moving average is $44.80.

Gold.com (NYSE:GOLD) last released its quarterly earnings data 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). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, equities analysts expect that Gold.com Inc. will post 3.73 EPS for the current 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 (DPR) is 27.40%.

Hedge Funds Weigh In On Gold.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. raised its holdings in Gold.com by 76.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock worth $41,000 after purchasing an additional 418 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Gold.com by 77.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 34,059 shares of the company’s stock valued at $1,450,000 after buying an additional 14,872 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Gold.com in the 3rd quarter valued at about $43,000. Inspire Investing LLC bought a new stake in shares of Gold.com in the 3rd quarter valued at about $2,260,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Gold.com by 365.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,468 shares of the company’s stock worth $446,000 after buying an additional 8,219 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analysts Set New Price Targets

GOLD has been the subject of several research reports. 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. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Gold.com has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.