200 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 200 shares of the cryptocurrency exchange’s stock, valued at approximately $50,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Coinbase Global by 219.2% during the 3rd quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange’s stock valued at $9,558,000 after acquiring an additional 36,843 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Coinbase Global by 7.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,140 shares of the cryptocurrency exchange’s stock worth $1,272,000 after buying an additional 518 shares during the period. Assetmark Inc. boosted its holdings in Coinbase Global by 76.6% in the 3rd quarter. Assetmark Inc. now owns 2,879 shares of the cryptocurrency exchange’s stock worth $513,000 after buying an additional 1,249 shares during the period. Axxcess Wealth Management LLC boosted its holdings in Coinbase Global by 51.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,055 shares of the cryptocurrency exchange’s stock worth $901,000 after buying an additional 1,716 shares during the period. Finally, Colonial River Investments LLC bought a new position in Coinbase Global in the 3rd quarter worth $327,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 1.5 %

Shares of NASDAQ COIN opened at $217.45 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $55.21 billion, a P/E ratio of 22.89 and a beta of 3.66. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75. The firm has a 50-day simple moving average of $262.21 and a two-hundred day simple moving average of $241.70.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data 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 net margin of 39.34% and a return on equity of 20.64%. Research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 11,421 shares of Coinbase Global stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $273.23, for a total value of $3,120,559.83. Following the transaction, the director now directly owns 10,417 shares of the company’s stock, valued at approximately $2,846,236.91. The trade was a 52.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $261.07, for a total transaction of $6,526,750.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at $137,322.82. This represents a 97.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,455 shares of company stock valued at $60,955,968 over the last ninety days. 23.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on COIN. Mizuho decreased their price target on shares of Coinbase Global from $290.00 to $280.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Oppenheimer reiterated an “outperform” rating on shares of Coinbase Global in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Thursday, February 13th. Piper Sandler boosted their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, HC Wainwright reiterated a “buy” rating and issued a $350.00 price target on shares of Coinbase Global in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $311.21.

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.