Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Coinbase Global, Inc. $COIN

Mirae Asset Global Investments Co. Ltd. raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,595 shares of the cryptocurrency exchange’s stock after buying an additional 8,995 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Coinbase Global were worth $15,725,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after acquiring an additional 4,914,407 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Norges Bank acquired a new position in Coinbase Global during the second quarter worth approximately $1,044,354,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after acquiring an additional 504,068 shares during the period. Finally, Legal & General Group Plc increased its stake in Coinbase Global by 14.6% in the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after purchasing an additional 145,047 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Launched regulated prediction markets nationwide via a Kalshi partnership, opening a new retail trading product that can diversify fee revenue beyond spot crypto. Coinbase Turns Forecasting Into a Trade With New US Prediction Markets
• Positive Sentiment: Integrated Jupiter on Solana to give Coinbase users direct access to millions of Solana tokens, lowering listing friction and expanding product breadth for on?chain trading. Coinbase Integrates Jupiter Exchange for Direct Access to Millions of Solana Tokens
• Positive Sentiment: Coinbase Ventures backing of Sats Terminal (a Bitcoin super app) signals continued venture activity and ecosystem exposure that could feed future product synergies. Never Sell Your Bitcoin: Sats Terminal Founders
• Positive Sentiment: Analyst pieces highlighting Coinbase’s expansion into services and M&A (COIN vs ICE) reinforce the bull case that the firm is pushing beyond trading revenue. COIN vs. ICE: Which Financial Markets Stock is the Better Buy Now?
• Neutral Sentiment: Cantor Fitzgerald initiated coverage on COIN and Piper Sandler maintained a neutral stance after trimming price targets—mixed analyst attention that adds liquidity to the stock narrative but no clear directional sway. Cantor Fitzgerald Initiates Coverage on Coinbase Global
• Neutral Sentiment: Deribit (Coinbase?owned derivatives exchange) noted heavy options positioning keeping BTC rangebound, a technical factor that can limit short?term volatility but also constrain volume spikes. Crypto options activity is keeping Bitcoin stuck near $90,000
• Negative Sentiment: CEO Brian Armstrong publicly pulled support for a major U.S. crypto market-structure bill and reportedly clashed with JPMorgan’s Jamie Dimon at Davos—heightening regulatory and political friction that could slow favorable legislation and raise reputational risk. Coinbase, JPMorgan CEOs clashed over market structure bill at Davos: Report
• Negative Sentiment: Bitcoin plunged to ~ $81k, triggering ~$1.7B in liquidations—crypto price crashes typically reduce Coinbase’s trading volumes and fee revenue, which is the primary near?term driver of COIN earnings. Bitcoin falls to $81K, triggering $1.7B in liquidations
• Negative Sentiment: UK advertising watchdog reportedly banned Coinbase ads for downplaying risks, a regulatory reprimand that can hurt brand trust and marketing effectiveness in a key market. UK regulators ban Coinbase ads (coverage)
• Negative Sentiment: Critical press and analyst notes (Forbes, price?target cuts) highlighting a recent market cap decline and technical sell signals (death cross) are amplifying negative investor sentiment and momentum selling. Coinbase Crumbles: Is The Downgrade Justified?

Wall Street Analysts Forecast Growth

COIN has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on Coinbase Global from $367.00 to $268.00 and set a “hold” rating on the stock in a research note on Monday, January 12th. Erste Group Bank cut shares of Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. China Renaissance decreased their target price on Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Cantor Fitzgerald started coverage on shares of Coinbase Global in a report on Tuesday. They issued an “overweight” rating and a $277.00 price target on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.27.

Insiders Place Their Bets

In other news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 820,587 shares of company stock worth $240,717,580 over the last quarter. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Stock Performance

NASDAQ COIN opened at $194.74 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64. The business’s 50-day simple moving average is $244.95 and its 200-day simple moving average is $301.23. The firm has a market capitalization of $52.51 billion, a P/E ratio of 16.85 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 55.1% compared to the same quarter last year. Equities analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.