Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,617 shares of the cryptocurrency exchange’s stock after buying an additional 2,896 shares during the period. Private Advisor Group LLC’s holdings in Coinbase Global were worth $4,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wingate Wealth Advisors Inc. purchased a new stake in Coinbase Global in the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 purchasing an additional 106 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global during the third quarter worth $25,000. Bogart Wealth LLC grew its position in shares of Coinbase Global by 252.5% in 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 period. Finally, Spirit of America Management Corp NY increased its stake in Coinbase Global by 66.7% in the fourth quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock valued at $62,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $235.38 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The company has a market capitalization of $59.76 billion, a price-to-earnings ratio of 24.78 and a beta of 3.61. The business has a 50-day moving average of $275.76 and a 200-day moving average of $240.11.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, topping 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, equities analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analysts Set New Price Targets

COIN has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their target price 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, February 18th. Mizuho dropped their price target on shares of Coinbase Global from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $330.00 price target on shares of Coinbase Global in a report on Thursday, February 13th. Finally, Bank of America boosted their price objective on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $306.17.

Insider Transactions at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 7,614 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $325.14, for a total value of $2,475,615.96. Following the transaction, the director now owns 10,417 shares in the company, valued at approximately $3,386,983.38. The trade was a 42.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $275.26, for a total value of $6,881,500.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $144,786.76. This represents a 97.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 334,306 shares of company stock valued at $97,300,651. Corporate insiders own 23.43% of the company’s stock.

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.