Financial Engines Advisors L.L.C. Takes $213,000 Position in Coinbase Global, Inc. (NASDAQ:COIN)

Financial Engines Advisors L.L.C. bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 856 shares of the cryptocurrency exchange’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Coinbase Global during the fourth quarter worth approximately $27,000. Atala Financial Inc bought a new stake in Coinbase Global in the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its position in Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after buying an additional 106 shares during the period. Brown Brothers Harriman & Co. increased its position in Coinbase Global by 408.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 204 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter worth $50,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Ratings Changes

COIN has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $305.00 target price on shares of Coinbase Global in a report on Wednesday. Barclays lifted their price target on shares of Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price target on Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Coinbase Global in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.72.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 10,216 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the completion of the sale, the director now directly owns 10,417 shares of the company’s stock, valued at approximately $3,230,728.38. The trade was a 49.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total value of $1,521,159.00. Following the completion of the transaction, the chief financial officer now owns 144,470 shares in the company, valued at $38,554,708.90. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,609 shares of company stock worth $61,331,908. 23.43% of the stock is owned by corporate insiders.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $173.93 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $239.36 and its 200-day moving average price is $241.64. The firm has a market capitalization of $44.16 billion, a P/E ratio of 18.31 and a beta of 3.66. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75.

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 research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

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.