K.J. Harrison & Partners Inc Invests $2.23 Million in Coinbase Global, Inc. $COIN

K.J. Harrison & Partners Inc acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,000 shares of the cryptocurrency exchange’s stock, valued at approximately $2,232,000.

A number of other hedge funds also recently bought and sold shares of COIN. Vanguard Group Inc. grew its position in Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after acquiring an additional 1,755,146 shares during the last quarter. Norges Bank purchased a new stake in shares of Coinbase Global in the 2nd quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Coinbase Global by 14.6% during the 2nd quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after purchasing an additional 145,047 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on COIN shares. Bank of America raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a research note on Thursday, January 8th. HC Wainwright lowered their target price on Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. China Renaissance reduced their price target on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler decreased their price target on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Oppenheimer cut their target price on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $278.54.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Major product launch — Coinbase opened U.S. stock and ETF trading (24 hours a day, five days a week), with 6k–8k+ securities, fractional shares, instant funding and USD/USDC rails. This broadens revenue opportunities, increases user engagement, and positions COIN to compete with retail brokers. Read More.
• Positive Sentiment: “Everything Exchange” narrative reinforced — multiple outlets frame the stock trading rollout as a game‑changer that expands Coinbase from crypto-only into multi-asset retail execution and custody, a strategic pivot that could lift lifetime value per user and diversify fee streams. Read More.
• Positive Sentiment: Stablecoin revenue upside — Bloomberg Intelligence estimates Coinbase’s USDC-related revenue could rise materially (2x–7x) if USDC adoption in payments accelerates, highlighting a high‑margin revenue line beyond trading fees. That expansion thesis supports longer-term earnings upside. Read More.
• Positive Sentiment: Crypto market tailwinds — a fresh leg higher in Bitcoin improved sentiment and helped COIN shares; positive crypto price action typically boosts exchange volumes and fee revenue. Read More.
• Neutral Sentiment: Market structure & trading playbook — Coinbase published BTC price-level guidance (key zones near $60k and $82k) that traders will use to time activity; useful for forecasting future volume but not an immediate revenue driver. Read More.
• Neutral Sentiment: Coinbase Credit activity — the exchange is extending institutional-style services (example: $30M facility to Smarter Web), showing product depth but limited near-term P&L impact relative to trading revenues. Read More.
• Negative Sentiment: Analyst pushback / price-target cut — China Renaissance lowered COIN’s price target to $223.20, signaling continued analyst caution and reminding investors that multiple quarters of muted trading volumes and profit variability still pose valuation risk. Read More.
• Neutral Sentiment: Mixed market signals — a short-interest update in late February contained anomalous zero values and is not currently a clear headwind; watch official short-interest releases for cleaner signals on positioning.

Insider Activity

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 513,775 shares of company stock valued at $95,046,092. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Price Performance

COIN opened at $183.94 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market capitalization of $48.57 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 2.33 and a beta of 3.70. The stock’s 50 day moving average price is $209.04 and its 200-day moving average price is $275.30. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business’s revenue was down 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.68 EPS. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

About Coinbase Global

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.