Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Acquires 42,682 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 42,682 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average cost of $39.92 per share, with a total value of $1,703,865.44. Following the completion of the acquisition, the insider owned 374,800 shares in the company, valued at $14,962,016. This trade represents a 12.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 14th, Tether Global Investments Fund purchased 25,200 shares of Gold.com stock. The stock was acquired at an average cost of $39.63 per share, for a total transaction of $998,676.00.
• On Monday, October 12th, Tether Global Investments Fund bought 31,088 shares of Gold.com stock. The stock was acquired 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 bought 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 acquired 100,000 shares of Gold.com stock. The shares were bought at an average cost of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Down 0.7%

Shares of GOLD opened at $39.37 on Friday. The stock’s 50-day moving average price is $44.02 and its 200 day moving average price is $42.92. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.93 and a beta of 0.71.

Gold.com (NYSE:GOLD) 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). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts expect that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, September 28th. Shareholders 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 is 27.40%.

Institutional Trading of Gold.com

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Gold.com by 127.9% during the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Gold.com during the 2nd quarter valued at approximately $125,000. WINTON GROUP Ltd lifted 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 purchasing an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Gold.com in the second quarter valued at approximately $225,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gold.com during the second quarter worth $387,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen upgraded Gold.com from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group dropped their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.