Coinbase Global, Inc. $COIN Shares Purchased by Syon Capital LLC

Syon Capital LLC lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 842.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,533 shares of the cryptocurrency exchange’s stock after acquiring an additional 5,840 shares during the period. Syon Capital LLC’s holdings in Coinbase Global were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. West Family Investments Inc. increased its position in shares of Coinbase Global by 3.3% in the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after acquiring an additional 33 shares during the period. Waterfront Wealth Inc. increased its position in shares of Coinbase Global by 4.8% in the 3rd quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock valued at $241,000 after acquiring an additional 35 shares during the period. GW&K Investment Management LLC increased its position in shares of Coinbase Global by 32.2% in the 3rd quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after acquiring an additional 37 shares during the period. Bridgewater Advisors Inc. increased its position in shares of Coinbase Global by 1.2% in the 3rd quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock valued at $1,116,000 after acquiring an additional 38 shares during the period. Finally, Flagship Harbor Advisors LLC increased its position in shares of Coinbase Global by 2.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,229 shares of the cryptocurrency exchange’s stock valued at $752,000 after acquiring an additional 44 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
• Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
• Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
• Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
• Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
• Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

Coinbase Global Stock Performance

COIN opened at $152.40 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a fifty day moving average price of $186.06 and a 200 day moving average price of $207.19. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The stock has a market cap of $40.15 billion, a P/E ratio of 57.29, a P/E/G ratio of 5.28 and a beta of 3.32.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global, Inc. will post 1.77 earnings per share for the current year.

Insider Activity

In other news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the sale, the insider directly owned 517 shares of the company’s stock, valued at $97,718.17. This represents a 92.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 38,546 shares of company stock valued at $7,422,495. Insiders own 16.66% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of several research reports. Benchmark cut their target price on Coinbase Global from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Compass Point reissued a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. Monness Crespi & Hardt reaffirmed a “sell” rating on shares of Coinbase Global in a report on Friday. Oppenheimer cut their price target on Coinbase Global from $227.00 to $224.00 in a research report on Friday, May 8th. Finally, Rothschild & Co Redburn increased their price target on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $250.23.

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.