First Trust Advisors LP Sells 80,276 Shares of Coinbase Global, Inc. $COIN

First Trust Advisors LP decreased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 36.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,161 shares of the cryptocurrency exchange’s stock after selling 80,276 shares during the quarter. First Trust Advisors LP’s holdings in Coinbase Global were worth $24,474,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MV Capital Management Inc. bought a new stake in Coinbase Global in the 4th quarter valued at $27,000. Palisade Asset Management LLC acquired a new position in Coinbase Global in the 3rd quarter valued at $29,000. Osbon Capital Management LLC bought a new position in Coinbase Global during the 4th quarter worth $30,000. Archer Investment Corp lifted its holdings in shares of Coinbase Global by 546.4% during the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after buying an additional 153 shares in the last quarter. Finally, Brooklands Fund Management Ltd acquired a new stake in shares of Coinbase Global during the fourth quarter worth $34,000. Institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Coinbase CEO Brian Armstrong said AI agents could become major users of programmable money, positioning Coinbase’s Base network, USDC stablecoin and x402 payment protocol as infrastructure for autonomous transactions. The company says AI could expand—not replace—crypto demand. Coinbase Ties AI to Crypto
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and maintained a $240 price target, implying substantial upside from current levels. Rosenblatt Coinbase Rating
• Positive Sentiment: Coinbase is lobbying for the CLARITY Act and broader U.S. crypto infrastructure, arguing that clear rules could support domestic growth and help the country compete with China. The company also backed Federal Reserve payment accounts and interest on account balances, which could expand institutional opportunities if adopted. Coinbase Supports CLARITY Act
• Neutral Sentiment: Analysts comparing Coinbase with Robinhood say Robinhood currently has more diversified revenue, while Coinbase may benefit later from tokenized securities and AI commerce. This frames a longer-term opportunity but not an immediate earnings catalyst. Coinbase and Robinhood Competition
• Negative Sentiment: Q2 expectations call for weaker crypto trading activity. Stablecoins and subscription services may partly offset the slowdown, but Coinbase’s previous quarter missed both earnings and revenue estimates, keeping execution risk elevated. Coinbase Q2 Earnings Preview
• Negative Sentiment: Regulatory uncertainty remains a material overhang: Armstrong warned some crypto business could move offshore if the CLARITY Act stalls. Reports that China is outspending the U.S. on digital-asset infrastructure also highlight competitive and policy risks. Crypto Business Could Leave the U.S.

Wall Street Analyst Weigh In

COIN has been the topic of several research reports. Rothschild & Co Redburn upped their price target on shares of Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wolfe Research set a $325.00 price objective on shares of Coinbase Global in a research note on Thursday, July 9th. Wedbush set a $224.00 price objective on shares of Coinbase Global in a report on Friday, May 8th. Barclays decreased their target price on shares of Coinbase Global from $107.00 to $99.00 and set an “underweight” rating on the stock in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $208.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $239.14.

Insider Activity

In other news, CAO Jennifer N. Jones sold 2,051 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $158.15, for a total value of $324,365.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares of the company’s stock, valued at approximately $14,991,110.64. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,627 shares of company stock valued at $5,327,841 over the last quarter. 16.66% of the stock is owned by corporate insiders.

Coinbase Global Stock Performance

COIN opened at $167.90 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. Coinbase Global, Inc. has a 52-week low of $139.18 and a 52-week high of $402.16. The firm has a market cap of $44.23 billion, a P/E ratio of 63.12, a price-to-earnings-growth ratio of 10.78 and a beta of 3.35. The business’s fifty day moving average is $165.23 and its 200-day moving average is $183.12.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts expect that Coinbase Global, Inc. will post 1.42 EPS for the current fiscal year.

About Coinbase Global

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.