Level Four Advisory Services LLC Sells 69 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Level Four Advisory Services LLC reduced its position in Coinbase Global, Inc. (NASDAQ:COIN) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,686 shares of the cryptocurrency exchange’s stock after selling 69 shares during the quarter. Level Four Advisory Services LLC’s holdings in Coinbase Global were worth $667,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its holdings in Coinbase Global by 64.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 10,023 shares of the cryptocurrency exchange’s stock worth $2,489,000 after acquiring an additional 3,918 shares during the period. X Square Capital LLC grew its stake in Coinbase Global by 84.7% during the fourth quarter. X Square Capital LLC now owns 3,069 shares of the cryptocurrency exchange’s stock worth $762,000 after purchasing an additional 1,407 shares during the period. Norges Bank bought a new stake in Coinbase Global in the fourth quarter worth approximately $536,484,000. Blair William & Co. IL lifted its stake in Coinbase Global by 4.1% in the fourth quarter. Blair William & Co. IL now owns 32,213 shares of the cryptocurrency exchange’s stock valued at $7,998,000 after buying an additional 1,276 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Coinbase Global by 84.7% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 9,172 shares of the cryptocurrency exchange’s stock worth $2,277,000 after buying an additional 4,206 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 7,575 shares of Coinbase Global stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the sale, the chief financial officer now owns 114,866 shares of the company’s stock, valued at approximately $22,973,200. The trade was a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Armstrong sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $261.07, for a total transaction of $6,526,750.00. Following the transaction, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $137,322.82. This represents a 97.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,609 shares of company stock worth $61,331,908 in the last quarter. 23.43% of the stock is currently owned by company insiders.

Coinbase Global Stock Down 7.8 %

Coinbase Global stock opened at $173.93 on Monday. Coinbase Global, Inc. has a fifty-two week low of $146.12 and a fifty-two week high of $349.75. 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. The stock has a market cap of $44.16 billion, a PE ratio of 18.31 and a beta of 3.66.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share 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%. Research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

COIN has been the subject of several research analyst reports. Piper Sandler lifted their price objective on shares of Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. HC Wainwright reiterated a “buy” rating and set a $350.00 price objective on shares of Coinbase Global in a report on Friday, February 21st. JMP Securities raised their target price on Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 target price on shares of Coinbase Global in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group began coverage on Coinbase Global in a report on Thursday, March 20th. They issued a “neutral” rating and a $195.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and an average target price of $314.72.

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.