Quadrant Capital Group LLC Has $1.10 Million Stock Holdings in Coinbase Global, Inc. $COIN

Quadrant Capital Group LLC increased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1,177.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,142 shares of the cryptocurrency exchange’s stock after buying an additional 2,896 shares during the period. Quadrant Capital Group LLC’s holdings in Coinbase Global were worth $1,101,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Evelyn Partners Investment Management Europe Ltd grew its position in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Coinbase Global in the 1st quarter valued at $30,000. Cullen Frost Bankers Inc. acquired a new position in Coinbase Global in the 2nd quarter valued at $30,000. S Bank Fund Management Ltd bought a new position in Coinbase Global during the 1st quarter worth $31,000. Finally, SouthState Corp increased its position in Coinbase Global by 128.4% during the 1st quarter. SouthState Corp now owns 185 shares of the cryptocurrency exchange’s stock worth $32,000 after buying an additional 104 shares during the period. 68.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on COIN. Redburn Partners set a $417.00 price target on shares of Coinbase Global in a research note on Friday, October 3rd. President Capital boosted their price objective on shares of Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. China Renaissance raised their target price on shares of Coinbase Global from $444.60 to $479.30 in a report on Monday, November 3rd. Compass Point dropped their price target on shares of Coinbase Global from $277.00 to $266.00 in a research report on Friday, October 31st. Finally, Mizuho increased their price target on Coinbase Global from $300.00 to $320.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.63.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $274.92 on Friday. The firm has a 50 day moving average of $320.11 and a 200-day moving average of $318.03. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $74.13 billion, a PE ratio of 23.78 and a beta of 3.67.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 55.1% compared to the same quarter last year. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other news, CAO Jennifer N. Jones sold 1,787 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $244.49, for a total transaction of $436,903.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Grewal sold 11,955 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $246.18, for a total value of $2,943,081.90. Following the sale, the insider owned 75,811 shares of the company’s stock, valued at approximately $18,663,151.98. This represents a 13.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 762,995 shares of company stock worth $235,840,503. 17.65% of the stock is owned by insiders.

About Coinbase Global

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.