Sumitomo Mitsui Trust Group Inc. Has $743.62 Million Stock Holdings in Coinbase Global, Inc. $COIN

Sumitomo Mitsui Trust Group Inc. decreased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,203,387 shares of the cryptocurrency exchange’s stock after selling 436,818 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.86% of Coinbase Global worth $743,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd increased its position in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after acquiring an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Coinbase Global during the 2nd quarter valued at $30,000. Salomon & Ludwin LLC raised its stake in Coinbase Global by 4,400.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 88 shares during the period. City State Bank purchased a new stake in shares of Coinbase Global in the second quarter valued at $33,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Coinbase Global in the second quarter worth $34,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Insider Activity

In related news, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total value of $31,088,000.00. Following the completion of the transaction, the chief operating officer directly owned 187,802 shares of the company’s stock, valued at $58,383,885.76. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 814,554 shares of company stock worth $239,762,837. 16.56% of the stock is currently owned by corporate insiders.

Coinbase Global Price Performance

NASDAQ COIN opened at $240.78 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a 50-day simple moving average of $263.36 and a 200 day simple moving average of $314.91. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $444.64. The stock has a market capitalization of $64.92 billion, a PE ratio of 20.83 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COIN shares. Rothschild & Co Redburn decreased their price objective on Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Bank of America raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a research report on Thursday. Rothschild Redb raised shares of Coinbase Global from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. UBS Group set a $340.00 price target on shares of Coinbase Global in a research note on Wednesday, December 17th. Finally, BTIG Research restated a “buy” rating and issued a $420.00 target price on shares of Coinbase Global in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.74.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.