Sei Investments Co. Has $4.81 Million Holdings in Gold.com Inc. $GOLD

Sei Investments Co. grew its stake in Gold.com Inc. (NYSE:GOLD) by 108.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,993 shares of the company’s stock after acquiring an additional 62,537 shares during the period. Sei Investments Co.’s holdings in Gold.com were worth $4,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GOLD. Dimensional Fund Advisors LP acquired a new stake in shares of Gold.com in the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. bought a new position in Gold.com in the 4th quarter valued at $32,408,000. Jacobs Levy Equity Management Inc. bought a new position in Gold.com in the 4th quarter valued at $17,971,000. Geode Capital Management LLC acquired a new stake in shares of Gold.com in the 4th quarter valued at $15,790,000. Finally, State Street Corp bought a new stake in shares of Gold.com during the fourth quarter worth $15,019,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Price Performance

Gold.com stock opened at $43.49 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.26 billion, a P/E ratio of 14.90 and a beta of 0.54. The business has a 50-day moving average of $41.32 and a 200-day moving average of $45.57. Gold.com Inc. has a 1 year low of $21.60 and a 1 year high of $66.70.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. On average, equities analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com declared that its board has authorized a stock buyback program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

GOLD has been the topic of several recent research reports. Canaccord Genuity Group initiated coverage on Gold.com in a report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price target on the stock. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Roth Capital set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gold.com has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Insider Buying and Selling

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the completion of the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tether Global Investments Fund bought 58,536 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the acquisition, the insider owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. This trade represents a 41.38% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 200,000 shares of company stock valued at $8,242,055. Corporate insiders own 0.63% of the company’s stock.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.