Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 49.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,208 shares of the cryptocurrency exchange’s stock after selling 8,891 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Coinbase Global were worth $2,286,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of Coinbase Global by 175.8% during the fourth quarter. Hantz Financial Services Inc. now owns 684 shares of the cryptocurrency exchange’s stock worth $170,000 after purchasing an additional 436 shares during the period. Forsta AP Fonden raised its position in Coinbase Global by 1.0% during the 4th quarter. Forsta AP Fonden now owns 39,900 shares of the cryptocurrency exchange’s stock worth $9,907,000 after buying an additional 400 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Coinbase Global by 33.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 103,619 shares of the cryptocurrency exchange’s stock valued at $25,729,000 after acquiring an additional 25,972 shares during the period. R Squared Ltd purchased a new stake in shares of Coinbase Global in the 4th quarter valued at $99,000. Finally, Tamar Securities LLC acquired a new stake in shares of Coinbase Global in the fourth quarter worth $312,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 3.3 %

Shares of NASDAQ COIN opened at $291.00 on Thursday. The stock has a market cap of $72.85 billion, a PE ratio of 49.66 and a beta of 3.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. Coinbase Global, Inc. has a 12-month low of $114.51 and a 12-month high of $349.75. The company has a 50-day moving average of $288.15 and a 200 day moving average of $235.21.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned ($0.01) earnings per share. Coinbase Global’s revenue for the quarter was up 78.8% on a year-over-year basis. As a group, sell-side analysts predict that Coinbase Global, Inc. will post 4.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Monness Crespi & Hardt upped their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Mizuho raised Coinbase Global from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $250.00 to $290.00 in a report on Wednesday. Needham & Company LLC upped their price objective on Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. HC Wainwright reaffirmed a “buy” rating and set a $295.00 target price on shares of Coinbase Global in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their price target on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $289.06.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of Coinbase Global stock in a transaction on Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the sale, the insider now owns 79,407 shares in the company, valued at $24,441,474.60. The trade was a 8.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence J. Brock sold 4,635 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $250.00, for a total value of $1,158,750.00. Following the transaction, the insider now owns 18,525 shares of the company’s stock, valued at approximately $4,631,250. This represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 376,205 shares of company stock valued at $112,487,737. Insiders own 23.43% of the company’s stock.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.