Parcion Private Wealth LLC Trims Position in Coinbase Global, Inc. (NASDAQ:COIN)

Parcion Private Wealth LLC lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,385 shares of the cryptocurrency exchange’s stock after selling 10,129 shares during the quarter. Coinbase Global makes up approximately 5.1% of Parcion Private Wealth LLC’s holdings, making the stock its 4th biggest holding. Parcion Private Wealth LLC owned about 0.11% of Coinbase Global worth $66,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global in the third quarter worth $25,000. Wingate Wealth Advisors Inc. acquired a new stake in Coinbase Global during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after acquiring an additional 106 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Coinbase Global by 408.0% in the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock valued at $45,000 after acquiring an additional 204 shares during the period. Finally, Bogart Wealth LLC grew its holdings in shares of Coinbase Global by 252.5% during the fourth quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock valued at $52,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 26,649 shares of Coinbase Global stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $308.14, for a total value of $8,211,622.86. Following the transaction, the director now directly owns 10,417 shares of the company’s stock, valued at $3,209,894.38. The trade was a 71.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total transaction of $1,521,159.00. Following the transaction, the chief financial officer now directly owns 144,470 shares in the company, valued at $38,554,708.90. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 336,143 shares of company stock valued at $97,842,603. Company insiders own 23.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COIN. JMP Securities upped their price objective on Coinbase Global from $400.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. HC Wainwright raised their target price on Coinbase Global from $255.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Oppenheimer reduced their price target on Coinbase Global from $358.00 to $334.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Mizuho raised shares of Coinbase Global from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $250.00 to $290.00 in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Coinbase Global from $255.00 to $305.00 and gave the stock a “market perform” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $303.94.

Coinbase Global Stock Down 2.3 %

Coinbase Global stock opened at $258.67 on Thursday. The firm’s 50 day moving average price is $278.39 and its two-hundred day moving average price is $239.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a twelve month low of $146.12 and a twelve month high of $349.75. The firm has a market cap of $64.76 billion, a PE ratio of 27.23 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. On average, research analysts predict that Coinbase Global, Inc. will post 4.56 EPS for the current fiscal year.

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.