Banco Bilbao Vizcaya Argentaria S.A. Has $92.72 Million Stock Holdings in Coinbase Global, Inc. $COIN

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 34.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,747 shares of the cryptocurrency exchange’s stock after selling 148,292 shares during the period. Coinbase Global comprises approximately 0.7% of Banco Bilbao Vizcaya Argentaria S.A.’s holdings, making the stock its 20th largest holding. Banco Bilbao Vizcaya Argentaria S.A. owned 0.10% of Coinbase Global worth $92,723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of COIN. California Public Employees Retirement System grew its holdings in shares of Coinbase Global by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 359,766 shares of the cryptocurrency exchange’s stock worth $121,417,000 after purchasing an additional 26,975 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Coinbase Global by 139.7% in the third quarter. Aquatic Capital Management LLC now owns 176,605 shares of the cryptocurrency exchange’s stock valued at $59,602,000 after purchasing an additional 102,936 shares in the last quarter. Aristotle Atlantic Partners LLC bought a new position in Coinbase Global in the third quarter worth $1,229,000. Arkos Global Advisors lifted its position in Coinbase Global by 64.0% in the third quarter. Arkos Global Advisors now owns 2,344 shares of the cryptocurrency exchange’s stock worth $791,000 after purchasing an additional 915 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Coinbase Global by 5.6% during the third quarter. Alliancebernstein L.P. now owns 255,489 shares of the cryptocurrency exchange’s stock worth $86,225,000 after buying an additional 13,605 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of COIN stock opened at $195.53 on Friday. The company has a market capitalization of $51.64 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 3.44 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company’s 50-day moving average is $198.54 and its 200 day moving average is $265.14.

Coinbase Global (NASDAQ:COINGet Free Report) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm posted $4.68 earnings per share. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total transaction of $715,247.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,920 shares of company stock worth $84,194,452 in the last three months. Insiders own 16.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COIN. Sanford C. Bernstein restated an “outperform” rating and issued a $440.00 price objective on shares of Coinbase Global in a research note on Tuesday, January 6th. China Renaissance dropped their price target on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating for the company in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Coinbase Global in a research note on Friday, January 9th. Argus reiterated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Finally, UBS Group set a $264.00 target price on Coinbase Global in a report on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus price target of $270.51.

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Coinbase Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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