Gold.com Inc. (NYSE:GOLD – Get Free Report) major shareholder Tether Global Investments Fund purchased 27,633 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average price of $39.39 per share, with a total value of $1,088,463.87. Following the purchase, the insider owned 500,000 shares in the company, valued at $19,695,000. This represents a 5.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was acquired 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 acquired at an average price of $38.96 per share, for a total transaction of $1,273,018.00.
- On Wednesday, October 14th, Tether Global Investments Fund acquired 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 Tuesday, October 13th, Tether Global Investments Fund acquired 42,682 shares of Gold.com stock. The stock was acquired 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 acquired 31,088 shares of Gold.com stock. The stock was acquired 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 acquired 1,030 shares of Gold.com stock. The stock was acquired 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 acquired at an average cost of $39.30 per share, with a total value of $3,930,000.00.
Gold.com Price Performance
Shares of GOLD stock opened at $37.98 on Friday. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 13.01 and a beta of 0.71. The stock has a 50 day simple moving average of $42.86 and a 200-day simple moving average of $44.71.
Gold.com (NYSE:GOLD – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the business posted $0.41 EPS. Analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.
Gold.com Dividend Announcement
The business also recently disclosed 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 was Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group cut their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Gold.com from a “hold” rating to a “sell” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.
Read Our Latest Stock Report on GOLD
Institutional Trading of Gold.com
A number of institutional investors have recently made changes to their positions in GOLD. Hsbc Holdings PLC increased its position in shares of Gold.com by 283.3% during the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock worth $1,076,000 after purchasing an additional 27,180 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Gold.com in the 1st quarter valued at $2,618,000. Bank of New York Mellon Corp purchased a new position in Gold.com in the 2nd quarter valued at $7,143,000. Public Employees Retirement System of Ohio purchased a new position in Gold.com in the 2nd quarter valued at $1,463,000. Finally, Counterpoint Mutual Funds LLC lifted its holdings in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after purchasing an additional 109,910 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.
Gold.com Company Profile
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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