Aquatic Capital Management LLC Has $19.48 Million Stock Position in Coinbase Global, Inc. (NASDAQ:COIN)

Aquatic Capital Management LLC grew its position in Coinbase Global, Inc. (NASDAQ:COIN) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,450 shares of the cryptocurrency exchange’s stock after acquiring an additional 2,150 shares during the quarter. Aquatic Capital Management LLC’s holdings in Coinbase Global were worth $19,479,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COIN. Vanguard Group Inc. lifted its position in Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 18,419,097 shares of the cryptocurrency exchange’s stock worth $4,573,462,000 after purchasing an additional 128,802 shares during the period. Geode Capital Management LLC boosted its position in shares of Coinbase Global by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,552,694 shares of the cryptocurrency exchange’s stock valued at $882,822,000 after acquiring an additional 127,075 shares in the last quarter. Norges Bank bought a new stake in Coinbase Global in the fourth quarter valued at about $536,484,000. Groupama Asset Managment acquired a new position in Coinbase Global in the fourth quarter worth about $372,450,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Coinbase Global by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,032 shares of the cryptocurrency exchange’s stock worth $232,168,000 after purchasing an additional 15,954 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 10,978 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $211.93, for a total transaction of $2,326,567.54. Following the sale, the insider now owns 83,313 shares in the company, valued at approximately $17,656,524.09. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $198.44, for a total value of $3,968,800.00. Following the transaction, the chief executive officer now directly owns 526 shares in the company, valued at $104,379.44. This trade represents a 97.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,970 shares of company stock worth $38,672,615 in the last three months. Insiders own 23.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on COIN shares. Mizuho lowered their price target on Coinbase Global from $280.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Cantor Fitzgerald began coverage on shares of Coinbase Global in a research report on Tuesday, April 8th. They set an “overweight” rating and a $245.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Oppenheimer reaffirmed an “outperform” rating on shares of Coinbase Global in a report on Monday, February 10th. Finally, Barclays reduced their target price on Coinbase Global from $328.00 to $169.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.65.

Coinbase Global Trading Up 2.8 %

NASDAQ COIN opened at $209.64 on Friday. The stock has a market capitalization of $53.22 billion, a price-to-earnings ratio of 22.07 and a beta of 3.65. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $349.75. The stock’s 50 day moving average price is $191.91 and its two-hundred day moving average price is $242.35. 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 (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. As a group, analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share 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.