238 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P purchased a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 238 shares of the cryptocurrency exchange’s stock, valued at approximately $59,000.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. grew its stake in Coinbase Global by 17.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange’s stock valued at $66,000 after buying an additional 40 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Coinbase Global by 4.3% in the fourth quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange’s stock worth $239,000 after purchasing an additional 40 shares during the period. Yousif Capital Management LLC increased its stake in shares of Coinbase Global by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock worth $635,000 after purchasing an additional 44 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in Coinbase Global by 3.2% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 45 shares during the period. Finally, Pallas Capital Advisors LLC grew its holdings in Coinbase Global by 2.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange’s stock valued at $652,000 after buying an additional 51 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 7.8 %

COIN opened at $173.93 on Monday. The firm has a market cap of $44.16 billion, a price-to-earnings ratio of 18.31 and a beta of 3.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The firm’s 50-day simple moving average is $239.36 and its 200-day simple moving average is $242.83. Coinbase Global, Inc. has a twelve month low of $146.12 and a twelve month high of $349.75.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 22,842 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $281.94, for a total value of $6,440,073.48. Following the completion of the sale, the director now owns 10,417 shares in the company, valued at approximately $2,936,968.98. This trade represents a 68.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the completion of the transaction, the insider now directly owns 69,407 shares of the company’s stock, valued at approximately $17,816,082.83. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,609 shares of company stock valued at $61,331,908 in the last three months. Corporate insiders own 23.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on COIN. The Goldman Sachs Group started coverage on Coinbase Global in a report on Thursday, March 20th. They set a “neutral” rating and a $195.00 price target for the company. Mizuho cut their target price on shares of Coinbase Global from $280.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Barclays raised their price target on shares of Coinbase Global from $282.00 to $328.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $305.00 price objective on shares of Coinbase Global in a research report on Wednesday, March 26th. Finally, Canaccord Genuity Group lifted their target price on Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $314.72.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.