Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Emory University

Emory University lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,312 shares of the cryptocurrency exchange’s stock after selling 190 shares during the quarter. Coinbase Global makes up approximately 0.6% of Emory University’s holdings, making the stock its 5th biggest holding. Emory University’s holdings in Coinbase Global were worth $958,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Creekmur Asset Management LLC bought a new position in Coinbase Global during the fourth quarter worth $27,000. Crewe Advisors LLC lifted its position in shares of Coinbase Global by 547.4% in the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after buying an additional 104 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Coinbase Global in the 2nd quarter valued at about $29,000. Concord Wealth Partners grew its position in shares of Coinbase Global by 322.2% during the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Coinbase Global by 833.3% during the first quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 100 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling

In other news, CEO Brian Armstrong sold 23,075 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $173.93, for a total transaction of $4,013,434.75. Following the completion of the sale, the chief executive officer now owns 526 shares in the company, valued at approximately $91,487.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coinbase Global news, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $173.93, for a total transaction of $4,013,434.75. Following the completion of the sale, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $91,487.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Emilie Choi sold 8,000 shares of Coinbase Global stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $176.09, for a total transaction of $1,408,720.00. Following the completion of the transaction, the chief operating officer now directly owns 189,101 shares in the company, valued at $33,298,795.09. The disclosure for this sale can be found here. Insiders have sold 111,562 shares of company stock worth $23,241,279 in the last ninety days. 23.43% of the stock is currently owned by corporate insiders.

Coinbase Global Stock Down 7.7 %

Shares of COIN stock opened at $147.35 on Friday. Coinbase Global, Inc. has a 1 year low of $69.63 and a 1 year high of $283.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average is $210.96 and its 200-day moving average is $223.91. The stock has a market cap of $36.18 billion, a PE ratio of 29.41 and a beta of 3.36.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned ($0.42) earnings per share. Coinbase Global’s revenue was up 104.8% on a year-over-year basis. Equities analysts expect that Coinbase Global, Inc. will post 4.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. HC Wainwright decreased their target price on Coinbase Global from $315.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Citigroup upgraded Coinbase Global from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $260.00 to $345.00 in a research report on Tuesday, July 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $320.00 target price on shares of Coinbase Global in a research report on Friday, August 2nd. Compass Point cut their target price on Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Coinbase Global in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $246.06.

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.