Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC decreased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,139 shares of the cryptocurrency exchange’s stock after selling 812 shares during the period. Coinbase Global accounts for about 0.8% of Richard W. Paul & Associates LLC’s investment portfolio, making the stock its 26th largest holding. Richard W. Paul & Associates LLC’s holdings in Coinbase Global were worth $2,269,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Clear Street Derivatives LLC acquired a new position in Coinbase Global in the third quarter valued at $409,919,000. Proficio Capital Partners LLC boosted its holdings in Coinbase Global by 30,664.4% in the fourth quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange’s stock valued at $103,888,000 after acquiring an additional 417,036 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Coinbase Global by 10.1% in the third quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock valued at $609,789,000 after acquiring an additional 314,388 shares during the last quarter. Azora Capital LP boosted its holdings in Coinbase Global by 214.1% in the third quarter. Azora Capital LP now owns 322,868 shares of the cryptocurrency exchange’s stock valued at $57,525,000 after acquiring an additional 220,078 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Coinbase Global in the third quarter valued at $38,535,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Up 3.5 %

Shares of Coinbase Global stock opened at $215.73 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm has a market cap of $54.77 billion, a P/E ratio of 22.71 and a beta of 3.61. Coinbase Global, Inc. has a fifty-two week low of $146.12 and a fifty-two week high of $349.75. The business has a 50-day moving average price of $268.11 and a 200 day moving average price of $240.65.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. On average, sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

COIN has been the topic of several research reports. Mizuho cut their price objective on Coinbase Global from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods raised their price objective on Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group cut their price objective on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Barclays raised their price objective on Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Monness Crespi & Hardt set a $420.00 price objective on Coinbase Global in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and an average target price of $311.56.

Insider Activity at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $261.07, for a total value of $6,526,750.00. Following the sale, the chief executive officer now directly owns 526 shares in the company, valued at approximately $137,322.82. This trade represents a 97.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 5,262 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $300.09, for a total value of $1,579,073.58. Following the completion of the sale, the director now owns 10,417 shares in the company, valued at $3,126,037.53. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 237,069 shares of company stock valued at $66,488,684 over the last three months. 23.43% of the stock is owned by insiders.

Coinbase Global Company 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.