Gold.com Inc. (NYSE:GOLD – Get Free Report) major shareholder Tether Global Investments Fund bought 1,030 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average price of $39.96 per share, for a total transaction of $41,158.80. Following the completion of the acquisition, the insider owned 301,030 shares of the company’s stock, valued at approximately $12,029,158.80. This represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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 Wednesday, October 14th, Tether Global Investments Fund purchased 25,200 shares of Gold.com stock. The stock was bought 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 purchased 42,682 shares of Gold.com stock. The shares were bought 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 acquired 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 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, for a total transaction of $3,930,000.00.
Gold.com Stock Performance
Shares of GOLD stock opened at $39.63 on Friday. The stock’s 50 day simple moving average is $44.10 and its 200 day simple moving average is $42.94. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.74 and a beta of 0.71.
Gold.com (NYSE:GOLD – Get Free Report) last posted 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). The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%. During the same quarter last year, the firm posted $0.41 earnings per share. On average, analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Announces Dividend
The business also recently declared a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is 27.40%.
Hedge Funds Weigh In On Gold.com
Several large investors have recently bought and sold shares of GOLD. Hsbc Holdings PLC grew its position in Gold.com by 283.3% in the 2nd 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 during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Gold.com during the 1st quarter worth about $2,618,000. Bank of New York Mellon Corp acquired a new position in shares of Gold.com during the second quarter valued at about $7,143,000. Public Employees Retirement System of Ohio acquired a new position in shares of Gold.com during the second quarter valued at about $1,463,000. Finally, Counterpoint Mutual Funds LLC raised its position in shares of Gold.com by 740.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after buying an additional 109,910 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
GOLD has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of Gold.com in a 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 reiterated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Finally, Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.
Check Out Our Latest Analysis on Gold.com
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.
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