Capital World Investors Raises Position in Coinbase Global, Inc. $COIN

Capital World Investors grew its position in Coinbase Global, Inc. (NASDAQ:COIN) by 847.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,536,534 shares of the cryptocurrency exchange’s stock after purchasing an additional 1,374,318 shares during the quarter. Capital World Investors’ holdings in Coinbase Global were worth $347,472,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after buying an additional 2,007,930 shares during the last quarter. North Dakota State Investment Board purchased a new position in Coinbase Global in the fourth quarter worth about $1,626,000. Mizuho Markets Cayman LP purchased a new position in shares of Coinbase Global during the fourth quarter valued at approximately $33,921,000. Harvest Portfolios Group Inc. raised its holdings in shares of Coinbase Global by 21.7% during the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after purchasing an additional 67,082 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Coinbase Global by 303.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock valued at $4,594,000 after purchasing an additional 15,282 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Bitcoin’s rebound above $63,000 is helping lift crypto-linked stocks, and Coinbase often trades as a high-beta proxy for the digital asset market. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: More than 200 crypto groups, including Coinbase, urged the Senate to vote on the Clarity Act, which could improve regulatory visibility for the industry and support Coinbase’s long-term business outlook. Over 200 Crypto Groups Urge Senate Clarity Act Vote
• Positive Sentiment: Coinbase is highlighting new growth opportunities such as crypto-backed mortgages and broader financial use cases for digital assets, which could expand its ecosystem beyond trading. Could Bitcoin Help You Buy Your Next Home? Coinbase Thinks It’s Possible.
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the company is using cheaper AI models where possible to keep costs roughly flat while growing token usage, a sign of expense discipline rather than a direct near-term revenue driver. The cost-saving AI measure Coinbase’s CEO is taking to keep costs ‘roughly flat’ while growing token usage
• Negative Sentiment: Some recent coverage says Wall Street is losing faith in Coinbase as Bitcoin weakens, and analysts have also trimmed price targets, showing that sentiment can reverse quickly if crypto prices fall again. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock

Coinbase Global Stock Up 6.4%

Shares of COIN stock opened at $162.11 on Tuesday. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The stock has a market cap of $42.71 billion, a P/E ratio of 60.94, a P/E/G ratio of 5.28 and a beta of 3.32. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $185.83 and a two-hundred day simple moving average of $206.49.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on COIN. Citizens Jmp decreased their price objective on shares of Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Mizuho boosted their price objective on shares of Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. B. Riley Financial decreased their price objective on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Sanford C. Bernstein decreased their price objective on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, President Capital boosted their price objective on shares of Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and an average target price of $250.23.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the sale, the director directly owned 30,000 shares of the company’s stock, valued at approximately $5,446,200. This represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 38,546 shares of company stock valued at $7,422,495 in the last ninety days. Corporate insiders own 16.66% of the company’s stock.

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.