Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Nvwm LLC

Nvwm LLC boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 2,687.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,509 shares of the cryptocurrency exchange’s stock after buying an additional 2,419 shares during the quarter. Nvwm LLC’s holdings in Coinbase Global were worth $623,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Clear Street Derivatives LLC purchased a new stake in Coinbase Global during the 3rd quarter valued at approximately $409,919,000. Geode Capital Management LLC raised its stake in shares of Coinbase Global by 10.1% during the third quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock worth $609,789,000 after purchasing an additional 314,388 shares during the last quarter. Azora Capital LP lifted its holdings in shares of Coinbase Global by 214.1% during the third quarter. Azora Capital LP now owns 322,868 shares of the cryptocurrency exchange’s stock worth $57,525,000 after purchasing an additional 220,078 shares during the period. Holocene Advisors LP purchased a new position in Coinbase Global in the 3rd quarter valued at $38,535,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in Coinbase Global in the 3rd quarter valued at $29,756,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on COIN. Mizuho upgraded shares of 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 research note on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. HC Wainwright reiterated a “buy” rating and set a $295.00 target price on shares of Coinbase Global in a research report on Tuesday, October 29th. Barclays increased their target price on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Finally, Oppenheimer decreased their price target on Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.06.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 58,269 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $328.00, for a total value of $19,112,232.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $172,528. The trade was a 99.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 10,216 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $310.14, for a total value of $3,168,390.24. Following the sale, the director now owns 10,417 shares in the company, valued at $3,230,728.38. This trade represents a 49.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 386,570 shares of company stock worth $115,554,837. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ COIN opened at $275.14 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $349.75. The business has a fifty day moving average of $286.47 and a 200-day moving average of $236.59. The stock has a market cap of $68.88 billion, a price-to-earnings ratio of 46.95 and a beta of 3.61.

Coinbase Global Profile

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.