Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,213 shares of the cryptocurrency exchange’s stock after purchasing an additional 1,276 shares during the quarter. Blair William & Co. IL’s holdings in Coinbase Global were worth $7,998,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in COIN. Clear Street Derivatives LLC acquired a new position in Coinbase Global during the third quarter worth about $409,919,000. Proficio Capital Partners LLC grew its holdings 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 worth $103,888,000 after acquiring an additional 417,036 shares during the period. Geode Capital Management LLC raised its holdings in Coinbase Global by 10.1% during the third quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock worth $609,789,000 after purchasing an additional 314,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Coinbase Global during the fourth quarter worth $56,142,000. Finally, Trivest Advisors Ltd acquired a new stake in Coinbase Global in the fourth quarter valued at $54,869,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Monness Crespi & Hardt set a $420.00 price objective on shares of Coinbase Global in a research report on Tuesday, February 18th. Piper Sandler increased their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. HC Wainwright restated a “buy” rating and set a $350.00 price objective on shares of Coinbase Global in a research report on Friday, February 21st. Canaccord Genuity Group raised their price target on Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Oppenheimer restated an “outperform” rating on shares of Coinbase Global in a research report on Monday, February 10th. 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, Coinbase Global presently has an average rating of “Moderate Buy” and an average target price of $314.72.

Coinbase Global Trading Down 7.8 %

Shares of COIN opened at $173.93 on Friday. The stock’s fifty day simple moving average is $239.36 and its 200 day simple moving average is $242.23. Coinbase Global, Inc. has a twelve month low of $146.12 and a twelve month high of $349.75. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $44.16 billion, a P/E ratio of 18.31 and a beta of 3.66.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Paul Grewal sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 69,407 shares of the company’s stock, valued at approximately $17,816,082.83. The trade was a 12.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 25,194 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $298.95, for a total transaction of $7,531,746.30. Following the completion of the sale, the director now directly owns 10,417 shares of the company’s stock, valued at $3,114,162.15. This trade represents a 70.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,609 shares of company stock worth $61,331,908 over 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.