B. Metzler seel. Sohn & Co. AG Buys 6,307 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

B. Metzler seel. Sohn & Co. AG increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 139.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,845 shares of the cryptocurrency exchange’s stock after purchasing an additional 6,307 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Coinbase Global were worth $2,724,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Coinbase Global during the fourth quarter worth approximately $536,484,000. Proficio Capital Partners LLC increased its position in shares of Coinbase Global by 30,664.4% in the 4th quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange’s stock valued at $103,888,000 after buying an additional 417,036 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Coinbase Global by 10.1% in the third quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock worth $609,789,000 after acquiring an additional 314,388 shares in the last quarter. Wellington Management Group LLP raised its holdings in Coinbase Global by 1,159.9% during the 4th quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange’s stock worth $81,612,000 after buying an additional 302,595 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Coinbase Global during the fourth quarter worth $56,142,000. Institutional investors own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Monness Crespi & Hardt set a $420.00 target price on Coinbase Global in a research note on Tuesday, February 18th. Canaccord Genuity Group lifted their price target on Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays upped their price objective on shares of Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $330.00 price target on shares of Coinbase Global in a report on Thursday, February 13th. Finally, JMP Securities boosted their price objective on shares of Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coinbase Global has an average rating of “Moderate Buy” and a consensus target price of $314.72.

Coinbase Global Stock Up 1.3 %

Shares of NASDAQ COIN opened at $174.52 on Wednesday. The company has a 50 day simple moving average of $234.50 and a 200 day simple moving average of $242.97. The firm has a market cap of $44.31 billion, a PE ratio of 18.37 and a beta of 3.66. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

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

Insider Activity

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $261.07, for a total value of $6,526,750.00. Following the completion of the sale, the chief executive officer now directly owns 526 shares of the company’s stock, valued at approximately $137,322.82. The trade was a 97.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total value of $2,566,900.00. Following the completion of the transaction, the insider now owns 69,407 shares in the company, valued at approximately $17,816,082.83. The trade was a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,609 shares of company stock valued at $61,331,908 in the last ninety days. 23.43% of the stock is owned by company insiders.

Coinbase Global Profile

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.