Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,619 shares of the cryptocurrency exchange’s stock after purchasing an additional 25,972 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coinbase Global were worth $25,729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in COIN. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global in the third quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Price Performance

NASDAQ COIN opened at $301.30 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $288.26 and a 200 day simple moving average of $235.66. The company has a market cap of $75.43 billion, a P/E ratio of 51.42 and a beta of 3.59. Coinbase Global, Inc. has a 1 year low of $114.51 and a 1 year high of $349.75.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company’s revenue was up 78.8% on a year-over-year basis. During the same period last year, the company earned ($0.01) EPS. On average, sell-side analysts predict that Coinbase Global, Inc. will post 4.81 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COIN. JMP Securities reiterated a “market outperform” rating and set a $320.00 price target on shares of Coinbase Global in a research note on Wednesday, October 9th. Piper Sandler raised their target price on Coinbase Global from $245.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on Coinbase Global from $275.00 to $255.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Bank of America lifted their target price on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Mizuho raised Coinbase Global from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $250.00 to $290.00 in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.06.

Insider Activity at Coinbase Global

In related news, insider Lawrence J. Brock sold 4,635 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $250.00, for a total value of $1,158,750.00. Following the transaction, the insider now owns 18,525 shares in the company, valued at $4,631,250. This trade represents a 20.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total value of $1,521,159.00. Following the sale, the chief financial officer now directly owns 144,470 shares of the company’s stock, valued at $38,554,708.90. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 376,205 shares of company stock valued at $112,487,737 in the last 90 days. 23.43% of the stock is owned by corporate insiders.

Coinbase Global Company 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.