2,103 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,103 shares of the cryptocurrency exchange’s stock, valued at approximately $522,000.

Several other large investors also recently modified their holdings of COIN. Wingate Wealth Advisors Inc. bought a new stake in shares of Coinbase Global during the 4th quarter valued at about $27,000. Atala Financial Inc bought a new position in Coinbase Global in the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Coinbase Global by 365.5% during the 4th 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 last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Coinbase Global in the 4th quarter worth $50,000. Finally, Bogart Wealth LLC lifted its position in 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 in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Up 1.6 %

Shares of COIN opened at $175.03 on Friday. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $200.17 and its 200-day simple moving average is $241.39. The company has a market cap of $44.44 billion, a P/E ratio of 18.42 and a beta of 3.65.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Brian Armstrong sold 15,000 shares of Coinbase Global stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $178.79, for a total transaction of $2,681,850.00. Following the completion of the sale, the chief executive officer now owns 526 shares of the company’s stock, valued at approximately $94,043.54. The trade was a 96.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Grewal sold 10,978 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $211.93, for a total value of $2,326,567.54. Following the transaction, the insider now owns 83,313 shares in the company, valued at $17,656,524.09. The trade was a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 166,805 shares of company stock worth $41,907,752 over the last quarter. Company insiders own 23.43% of the company’s stock.

Analyst Ratings Changes

COIN has been the topic of several recent research reports. Rosenblatt Securities decreased their price objective on Coinbase Global from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group initiated coverage on shares of Coinbase Global in a research report on Thursday, March 20th. They issued a “neutral” rating and a $195.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $330.00 target price on shares of Coinbase Global in a research note on Thursday, February 13th. Barclays decreased their price target 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. Finally, JMP Securities cut their target price on Coinbase Global from $475.00 to $400.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and a consensus target price of $297.95.

Coinbase Global Company 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.