Coinbase Global, Inc. $COIN Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 143.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,952 shares of the cryptocurrency exchange’s stock after buying an additional 9,389 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Coinbase Global were worth $5,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of COIN. Bessemer Group Inc. raised its stake in Coinbase Global by 672.2% during the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock worth $408,000 after acquiring an additional 1,015 shares during the period. SP Asset Management LLC bought a new position in shares of Coinbase Global during the second quarter valued at approximately $360,000. New York Life Investment Management LLC raised its position in shares of Coinbase Global by 890.8% during the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after purchasing an additional 28,302 shares during the period. Atria Investments Inc bought a new stake in shares of Coinbase Global in the 2nd quarter worth approximately $1,137,000. Finally, FengHe Fund Management Pte. Ltd. lifted its holdings in shares of Coinbase Global by 119.1% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange’s stock worth $23,591,000 after purchasing an additional 38,000 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Up 16.5%

Coinbase Global stock opened at $164.32 on Friday. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The stock has a market cap of $44.31 billion, a price-to-earnings ratio of 37.43 and a beta of 3.70. The company’s 50-day moving average price is $224.49 and its two-hundred day moving average price is $284.81. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 9.01%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business earned $4.68 earnings per share. The company’s revenue was down 21.6% on a year-over-year basis. On average, analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Short?term buying momentum: traders are buying the post?earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer?term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short?interest data in some feeds shows 0 shares (days?to?cover 0.0) — the reporting appears unreliable and provides no clear short?squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lawrence J. Brock sold 5,902 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $250.58, for a total transaction of $1,478,923.16. Following the completion of the sale, the insider owned 497 shares in the company, valued at approximately $124,538.26. This trade represents a 92.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 672,498 shares of company stock valued at $137,109,701 in the last quarter. Company insiders own 16.56% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of several analyst reports. Oppenheimer dropped their target price on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Compass Point lowered their price target on shares of Coinbase Global from $230.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, January 23rd. Wall Street Zen cut shares of Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Cantor Fitzgerald reduced their target price on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Finally, Rosenblatt Securities dropped their price target on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Coinbase Global presently has an average rating of “Moderate Buy” and an average price target of $291.85.

Coinbase Global 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.