Matauro LLC Purchases Shares of 946 Coinbase Global, Inc. (NASDAQ:COIN)

Matauro LLC purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 946 shares of the cryptocurrency exchange’s stock, valued at approximately $235,000.

Several other institutional investors also recently modified their holdings of the business. Banco Santander S.A. raised its position in shares of Coinbase Global by 12.7% during the third quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange’s stock worth $26,531,000 after acquiring an additional 16,737 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in Coinbase Global during the 3rd quarter worth approximately $29,756,000. Lindbrook Capital LLC raised its holdings in Coinbase Global by 30.2% during the 3rd quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange’s stock worth $5,347,000 after purchasing an additional 6,963 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Coinbase Global by 168.2% in the 3rd quarter. Wellington Management Group LLP now owns 26,089 shares of the cryptocurrency exchange’s stock worth $4,648,000 after purchasing an additional 16,363 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Coinbase Global by 237.5% in the 3rd quarter. QRG Capital Management Inc. now owns 32,743 shares of the cryptocurrency exchange’s stock valued at $5,834,000 after purchasing an additional 23,040 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on COIN. Barclays boosted their target price 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. Canaccord Genuity Group boosted their price objective on Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $330.00 target price on shares of Coinbase Global in a research report on Thursday, February 13th. JMP Securities lifted their target price on Coinbase Global from $400.00 to $475.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Finally, Oppenheimer dropped their price target on Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $304.50.

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $235.38 on Friday. Coinbase Global, Inc. has a 52 week low of $146.12 and a 52 week high of $349.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $275.76 and a 200-day moving average price of $239.79. The company has a market cap of $58.93 billion, a PE ratio of 24.78 and a beta of 3.61.

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

Insider Activity

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 26,649 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $308.14, for a total value of $8,211,622.86. Following the transaction, the director now owns 10,417 shares of the company’s stock, valued at approximately $3,209,894.38. The trade was a 71.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Armstrong sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $307.30, for a total value of $7,682,500.00. Following the completion of the transaction, the chief executive officer now owns 526 shares of the company’s stock, valued at $161,639.80. This trade represents a 97.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 334,306 shares of company stock worth $97,300,651 over the last quarter. Insiders own 23.43% of the company’s stock.

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.