Kestra Advisory Services LLC Purchases 11,960 Shares of Coinbase Global, Inc. $COIN

Kestra Advisory Services LLC raised its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 55.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 33,628 shares of the cryptocurrency exchange’s stock after purchasing an additional 11,960 shares during the quarter. Kestra Advisory Services LLC’s holdings in Coinbase Global were worth $5,872,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. North Dakota State Investment Board bought a new position in Coinbase Global during the 4th quarter valued at approximately $1,626,000. Mizuho Markets Cayman LP bought a new stake in shares of Coinbase Global in the 4th quarter worth approximately $33,921,000. Harvest Portfolios Group Inc. grew its position in shares of Coinbase Global by 21.7% in the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock worth $85,159,000 after buying an additional 67,082 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Coinbase Global by 303.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock valued at $4,594,000 after buying an additional 15,282 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Coinbase Global by 65.4% during the first quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock valued at $4,208,000 after buying an additional 9,532 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the sale, the insider directly owned 84,753 shares of the company’s stock, valued at $14,991,110.64. This represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $158.15, for a total transaction of $324,365.65. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,627 shares of company stock valued at $5,327,841 over the last 90 days. 16.66% of the stock is owned by corporate insiders.

Coinbase Global Trading Up 3.5%

COIN opened at $167.21 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 52 week low of $139.18 and a 52 week high of $444.64. The stock has a market cap of $44.05 billion, a PE ratio of 62.86, a PEG ratio of 8.40 and a beta of 3.35. The business has a 50 day moving average of $171.94 and a 200-day moving average of $187.82.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. Equities research analysts predict that Coinbase Global, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on COIN shares. Mizuho raised their price target on Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price objective on shares of Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wolfe Research set a $325.00 price objective on shares of Coinbase Global in a report on Thursday, July 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 target price on shares of Coinbase Global in a research report on Wednesday, June 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of Coinbase Global in a research report on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average target price of $245.88.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Bitcoin climbed back above $65,000, boosting sentiment for crypto-linked stocks and raising hopes for stronger trading volumes on Coinbase. Bitcoin Clawed Its Way Back Over $65,000. Here’s Why—and What to Know Now
• Positive Sentiment: William Blair said Coinbase is well positioned for a crypto recovery and reiterated a bullish view, suggesting the market may be underestimating the company’s market share and diversified revenue streams. Analyst Sees Coinbase Well?Positioned for Crypto Recovery, Initiates Buy on Growing Market Share and Diversified Revenue Streams
• Positive Sentiment: Coinbase and Circle gained attention after analysts argued many near-term risks are already reflected in valuations and that both could benefit if Bitcoin keeps recovering. Coinbase, Circle stocks climb as analysts see Bitcoin-linked upside
• Positive Sentiment: Coinbase announced it will report second-quarter 2026 results on July 30, which keeps investors focused on the next earnings catalyst. Coinbase Announces Date of Second Quarter 2026 Financial Results
• Neutral Sentiment: Reports that Coinbase’s AI now writes most of its code may support efficiency and margins over time, but the near-term stock impact is unclear. Over 95% of Coinbase’s code is now written with AI
• Neutral Sentiment: Coinbase’s role as custodian for roughly $288 million of seized crypto has drawn speculation about possible asset sales, but there is no confirmation of an imminent liquidation. US Transfer of Seized Crypto Raises Questions About Potential Asset Sales
• Negative Sentiment: JPMorgan cut its outlook on Coinbase, warning that the Hyperliquid partnership and rising competition could pressure stablecoin-related revenue. JPMorgan Cuts Coinbase Target to $196, Warns on Circle Stablecoin Pressure
• Negative Sentiment: Additional coverage said JPMorgan trimmed earnings estimates for Coinbase, citing weaker stablecoin economics and near-term competitive pressure. JPMorgan cuts estimates for Circle and Coinbase on Hyperliquid pressure

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.