Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,463 shares of the cryptocurrency exchange’s stock after acquiring an additional 150 shares during the quarter. Ballentine Partners LLC’s holdings in Coinbase Global were worth $860,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in COIN. Koshinski Asset Management Inc. acquired a new stake in Coinbase Global in the fourth quarter valued at $278,000. Harbor Investment Advisory LLC increased its holdings in shares of Coinbase Global by 15.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 737 shares of the cryptocurrency exchange’s stock valued at $183,000 after purchasing an additional 99 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Coinbase Global by 365.5% in the fourth 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 during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in Coinbase Global during the fourth quarter worth about $252,000. Finally, Clarius Group LLC purchased a new stake in Coinbase Global during the fourth quarter worth about $204,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COIN has been the subject of a number of research reports. Monness Crespi & Hardt lifted their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JMP Securities reiterated a “market outperform” rating and set a $320.00 target price on shares of Coinbase Global in a research report on Wednesday, October 9th. Mizuho upped their target price on Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group cut their price target on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, B. Riley began coverage on shares of Coinbase Global in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $185.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $282.83.

Coinbase Global Stock Performance

NASDAQ COIN opened at $295.85 on Thursday. 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 market capitalization of $74.07 billion, a PE ratio of 50.49 and a beta of 3.59. The business’s 50-day moving average price is $290.36 and its 200 day moving average price is $232.75. Coinbase Global, Inc. has a twelve month low of $114.51 and a twelve month high of $349.75.

Coinbase Global (NASDAQ:COIN) last issued 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). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 78.8% on a year-over-year basis. On average, research analysts predict that Coinbase Global, Inc. will post 4.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Alesia J. Haas sold 5,700 shares of Coinbase Global stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total transaction of $1,521,159.00. Following the transaction, the chief financial officer now owns 144,470 shares in the company, valued at approximately $38,554,708.90. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Emilie Choi sold 1,500 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $203.30, for a total value of $304,950.00. Following the completion of the sale, the chief operating officer now owns 175,101 shares of the company’s stock, valued at approximately $35,598,033.30. This represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 377,489 shares of company stock worth $111,724,097 over the last three months. 23.43% of the stock is owned by 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.