Principal Financial Group Inc. Cuts Stock Position in Coinbase Global, Inc. $COIN

Principal Financial Group Inc. lessened its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 11.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,923 shares of the cryptocurrency exchange’s stock after selling 32,088 shares during the quarter. Principal Financial Group Inc. owned about 0.10% of Coinbase Global worth $82,996,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after purchasing an additional 4,914,407 shares in the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global in the 2nd quarter valued at $1,044,354,000. Geode Capital Management LLC grew its stake in shares of Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Coinbase Global in the third quarter valued at $198,249,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Coinbase Global by 53.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after buying an additional 504,068 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ COIN opened at $179.66 on Wednesday. The firm has a market cap of $48.44 billion, a P/E ratio of 15.54 and a beta of 3.70. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $444.64. The business’s 50-day moving average price is $242.09 and its 200 day moving average price is $296.67. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 8,050 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.00, for a total transaction of $2,012,500.00. Following the transaction, the chief financial officer owned 70,664 shares in the company, valued at approximately $17,666,000. This trade represents a 10.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 795,587 shares of company stock worth $232,280,330 over the last 90 days. 16.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on COIN. Deutsche Bank Aktiengesellschaft assumed coverage on Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 price objective for the company. Robert W. Baird set a $240.00 price target on shares of Coinbase Global and gave the company a “neutral” rating in a research note on Tuesday, January 27th. Argus reissued a “hold” rating on shares of Coinbase Global in a report on Tuesday, November 25th. BTIG Research restated a “buy” rating and set a $420.00 price objective on shares of Coinbase Global in a research report on Thursday, December 18th. Finally, Benchmark reaffirmed a “buy” rating on shares of Coinbase Global in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus price target of $356.27.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase launched a U.S.-regulated prediction market platform through its CFTC-regulated arm — a new product line that could drive trading volume and fees if it scales. Coinbase Launches Prediction Market Across US as SUBBD Explodes
• Positive Sentiment: Ark Invest (Cathie Wood) added Coinbase to its purchases, signaling institutional interest that can support near-term demand for the stock. Cathie Wood Loads Up On Coinbase, Circle, Robinhood
• Positive Sentiment: Analyst commentary (MarketBeat) frames Coinbase’s pivot into derivatives/prediction markets (and its Deribit integration) as a strategic revenue diversification away from spot trading. That thesis supports upside if trading churn rises. From Holding to Hedging: The “Crypto Casino” Trade Is Taking Over
• Neutral Sentiment: Regulatory clarity efforts (push for the CLARITY Act and expanded CFTC authority) could help Coinbase long term, but legislative timing and scope remain uncertain. SEC’s Paul Atkins Pushes Congress to Sign CLARITY Act
• Negative Sentiment: Nevada’s Gaming Control Board filed a civil enforcement action seeking to stop Coinbase from offering certain event/sports contracts in the state and asked for injunctive relief — a material legal risk that could restrict the rollout and raise compliance costs. Nevada authorities file lawsuit against Coinbase over unlicensed wagering
• Negative Sentiment: Newly released DOJ emails and reporting suggest Jeffrey Epstein held an early Coinbase stake and realized large gains — a reputational issue that may pressure sentiment and invite further scrutiny. Jeffrey Epstein Was an Early Investor in Coinbase, Emails Reveal
• Negative Sentiment: Broader crypto weakness — Bitcoin sliding to fresh 2026 lows — is depressing trading volumes across exchanges and has pressured Coinbase shares as part of the sector decline. Bitcoin Dropped to Prices Last Seen in 2024 as Crypto-Linked Stocks Extended Falls

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.